REED PRESLEY 4
4 · SPICY PICKLE FRANCHISING INC · Filed Feb 12, 2009
Insider Transaction Report
Form 4
REED PRESLEY
Director
Transactions
- Other
Common Stock
2009-01-06+150,798→ 150,798 total
Holdings
- 1,146,408(indirect: By Trust)
Common Stock
- 100,000
Stock Option
Exercise: $0.25Exp: 2012-01-25→ Common Stock (100,000 underlying) - 1,200,000
Series A Variable Rate Convertible Preferred Stock
Exercise: $0.85→ Common Stock (1,200,000 underlying) - 900,000
Warrants
Exercise: $1.60Exp: 2012-12-14→ Common Stock (900,000 underlying) - 500,000
Stock Options
Exercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying)
Footnotes (5)
- [F1]Received 150,798 shares in lieu of $25,500 in dividends.
- [F2]The Reporting Person's wife is the beneficiary of the trust.
- [F3]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.
- [F4]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.
- [F5]Acquired on December 14, 2007 in connection with the private placement financing transaction with the Issuer. The warrants are exercisable at any time.