WOOLARD ROBERT C 4
4 · AMERALIA INC · Filed Jul 16, 2009
Insider Transaction Report
Form 4
AMERALIA INCAALA
WOOLARD ROBERT C
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→ 2,112,856 total(indirect: By Trust)
Footnotes (3)
- [F1]Pursuant to Mr Woolard's stock option agreement to purchase 37,500 shares, Mr Woolard 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 Woolard 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 traded prior to that date.
- [F3]Received as compensation for serving on board of directors