REED PRESLEY 5
5 · SPICY PICKLE FRANCHISING INC · Filed Feb 12, 2009
Insider Transaction Report
Form 5
REED PRESLEY
Director
Transactions
- Award
Stock Options
2008-11-24+500,000→ 500,000 totalExercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying)
Holdings
- 1,146,408(indirect: By Trust)
Common Stock
- 100,000
Stock Option
Exercise: $0.25Exp: 2012-01-25→ Common Stock (100,000 underlying) - 900,000
Warrants
Exercise: $1.60Exp: 2012-12-14→ Common Stock (900,000 underlying) - 1,544,578
Common Stock
- 1,200,000
Series A Variable Rate Convertible Preferred Stock
Exercise: $0.85→ Common Stock (1,200,000 underlying)
Footnotes (5)
- [F1]The Reporting Person's wife is the beneficiary of the trust.
- [F2]On January 25, 2007 the Reporting Person was granted an incentive stock option under the Issuer's 2006 Option Plan to purchase 100,000 shares of common stock at an exercise price of $0.25 per share. The option is exercisable as to (i) 50,000 shares immediately upon date of grant; (ii) 25,000 on 1st anniversary of grant; and (iii) 25,000 on 2nd anniversary of date of grant.
- [F3]Acquired on December 14, 2007 in connection with a private placement financing transaction. The convertible preferred stock is convertible at any time, at the holder's election and has no expiration date.
- [F4]Acquired on December 14, 2007 in connection with the private placement financing transaction with the Issuer. The warrants are exercisable at any time.
- [F5]Stock Options granted under Issuer's 2006 Option Plan.