REED PRESLEY 4
4 · SPICY PICKLE FRANCHISING INC · Filed Jan 20, 2010
Insider Transaction Report
Form 4
REED PRESLEY
Director
Transactions
- Purchase
Common Stock
2010-01-15$0.13/sh+3,500,000$455,000→ 23,972,504 total
Holdings
- 1,146,408(indirect: By Trust)
Common Stock
- 6,153,840
Warrants
Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (6,153,840 underlying) - 100,000
Stock Option
Exercise: $0.20Exp: 2012-01-25→ Common Stock (100,000 underlying) - 500,000
Stock Options
Exercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying) - 900,000
Warrants
Exercise: $0.20Exp: 2014-09-22→ Common Stock (900,000 underlying)
Footnotes (3)
- [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 the private placement financing transaction with the Issuer. The warrants are exercisable at any time. On September 22, 2009, the exercise price was lowered to $0.20 and the expiration date was extended to September 22, 2014.