Geldermann J Jeffrey 4
4 · AMERALIA INC · Filed Jul 16, 2009
Insider Transaction Report
Form 4
AMERALIA INCAALA
Geldermann J Jeffrey
Director
Transactions
- Award
Option to purchase common stock
2009-07-01+37,500→ 37,500 totalExercise: $0.29From: 2010-01-04Exp: 2012-06-30→ Common stock (37,500 underlying) - Award
Common stock
2009-07-14$0.50/sh+6,750$3,375→ 1,091,250 total
Footnotes (3)
- [F1]Pursuant to Mr Geldermann's stock option agreement to purchase 37,500 shares, Mr. Geldermann net exercised the option pursuant to the Option Agreement. As a result of the net exercise and pursuant to the formula contained in the option agreement, Mr Geldermann received 6,750 shares of Common Stock.
- [F2]The formula used in determining the amount of Common Stock shares to be issued upon surrender of the Option Agreement is as follows: the sum of the total number of shares included in the option agreement less the same number multiplied by the Exercise Price and divided by the Market Price. The Market Price is the highest sale price of the Company's stock as reported by NASDAQ or equivalent market on the date written notice is provided to the Company to exercise the option or if there has been no sale on that date, the highest sale price on the day on which the stock was last traded.
- [F3]Received as compensation for serving on board of directors