BRAINTECH INC 4

4 · BRAINTECH INC · Filed Jan 29, 2010

Form 4

Period: 2009-12-17

Director

Transactions

Other
COMMON STOCK
[F1]
2010-01-26+250,000→ 830,000 total
Other
WARRANTS
[F1]
2010-01-26+625,000→ 1,187,500 total(indirect: BY CORPORATION)
Exercise: $0.30From: 2008-09-26Exp: 2013-09-26→ COMMON (625,000 underlying)
Award
OPTIONS
[F2]
2009-12-17+2,062,500→ 3,334,500 total
Exercise: $0.05From: 2009-12-17Exp: 2019-12-16→ COMMON (2,062,500 underlying)

Holdings

WARRANTS
Exercise: $0.50From: 2007-12-29Exp: 2009-12-29→ COMMON (62,500 underlying)
62,500
WARRANTS
Exercise: $0.50From: 2005-03-04Exp: 2010-03-03→ COMMON (48,750 underlying)
111,250
WARRANTS
(indirect: BY CORPORATION)
Exercise: $0.30From: 2006-10-23Exp: 2011-10-23→ COMMON (375,000 underlying)
375,000
WARRANTS
(indirect: BY CORPORATION)
Exercise: $0.50From: 2006-10-23Exp: 2011-10-23→ COMMON (187,500 underlying)
562,500
OPTIONS
Exercise: $0.20From: 2002-12-02Exp: 2008-12-01→ COMMON (50,000 underlying)
50,000
OPTIONS
Exercise: $0.65From: 2005-07-25Exp: 2010-01-24→ COMMON (100,000 underlying)
150,000
OPTIONS
Exercise: $0.66From: 2005-02-10Exp: 2010-02-09→ COMMON (47,000 underlying)
197,000
OPTIONS
Exercise: $0.36From: 2007-03-22Exp: 2012-03-22→ COMMON (750,000 underlying)
1,172,000
OPTIONS
Exercise: $0.22From: 2008-09-26Exp: 2013-09-26→ COMMON (100,000 underlying)
1,272,000

Footnotes (2)

[F1]In October 2006, Mr. Speros provided a US$125,000 guarantee to secure a bank loan for the Company. In September 2008 Mr. Speros agreed to extend the loan guarantee. As compensation for extending the loan guarantee, the Company agreed that, for each dollar of loan guarantee provided, it would issue two (2) shares of common stock of the Company and five (5) share purchase warrants. Each share purchase warrant entitles the holder to purchase one (1) additional share of the common stock of the Company at a price of $0.30 per share for a period of five (5) years.
[F2]These options were issued in lieu of accrued directors fees payable and are exercisable as of December 17, 2009.

Signature

/s/ JAMES SPEROS|2010-01-29

Documents

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