SCHULZ RICHARD R 4
4 · LML PAYMENT SYSTEMS INC · Filed Mar 14, 2011
Insider Transaction Report
Form 4
SCHULZ RICHARD R
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common
2011-03-10$3.62/sh+7,650$27,693→ 7,650 total - Exercise/Conversion
Common
2011-03-11$3.62/sh+17,350$62,807→ 17,350 total - Sale
Common
2011-03-10$5.13/sh−7,650$39,245→ 0 total - Exercise/Conversion
Common
2011-03-11$1.62/sh+23,250$37,665→ 40,600 total - Sale
Common
2011-03-11$5.06/sh−40,600$205,270→ 0 total - Exercise/Conversion
Incentive Stock options (right to buy)
2011-03-10$3.62/sh−7,650$27,693→ 17,350 totalExercise: $3.62From: 2006-08-30Exp: 2011-08-30→ Common (7,650 underlying) - Exercise/Conversion
Incentive Stock options (right ot buy)
2011-03-11$3.62/sh−17,350$62,807→ 0 totalExercise: $3.62From: 2006-08-30Exp: 2011-08-30→ Common (17,350 underlying) - Exercise/Conversion
Incentive Stock Options (right to buy)
2011-03-11$1.62/sh−23,250$37,665→ 126,750 totalExercise: $1.62From: 2010-08-18Exp: 2015-08-18→ Common (23,250 underlying)
Holdings
- 210,000
Incentive Stock Options (right to buy)
Exercise: $3.00From: 2008-03-31Exp: 2018-03-31→ Common (210,000 underlying)
Footnotes (3)
- [F1]This option was exercised and the underlying securities were sold pursuant to a 10b5-1 trading plan entered into March 9, 2011.
- [F2]The options are exercisable as to 37,500 options on August 18, 2010 and the remaining 112,500 options are exercisable as to an additional 18,750 options every six months thereafter.
- [F3]The options are exercisable as to 70,000 options on March 31, 2008 and the remaining 140,000 options exercisable as to 70,000 options on each of March 31, 2009 and March 31, 2010.