Ross Harvey 4
4 · EMERGING VISION INC · Filed Apr 4, 2011
Insider Transaction Report
Form 4
EMERGING VISION INCISEE.OB
Ross Harvey
Director
Transactions
- Exercise Out-of-Money
Stock Options
2011-04-01−7,208,220→ 350,000 totalExercise: $0.14From: 2010-09-21Exp: 2011-11-30→ Common Stock (7,208,220 underlying) - Exercise Out-of-Money
Common Stock
2011-04-01$0.14/sh+7,208,220$1,009,151→ 21,530,238 total - Other
Common Stock
2011-04-01−21,180,238→ 127,623,127 total(indirect: By LLC)
Footnotes (4)
- [F1]These shares were contributed to EMVI Acquisition Corp., a wholly-owned subsidiary of EMVI Holdings, LLC, in exchange for an equal number of membership interests in EMVI Holdings, LLC, which were issued to Ross EVI, LLC, an entity wholly-owned by Mr. Ross.
- [F2]Includes options to purchase 350,000 Common shares consisting of (a) options to purchase 150,000 shares at an exercise price of $0.12 per share, (b) options to purchase 75,000 shares at an exercise price of $0.47 per share and (c) options to purchase 125,000 shares at an exercise price of $0.21 per share.
- [F3]Mr. Ross exercised a right pursuant to an agreement between Mr. Ross and Christopher Payan, the former Chief Executive Officer of the Company, to cause Mr. Payan to exercise an option to purchase 7,208,220 shares of Common Stock and to assign the underlying shares of Common Stock to EMVI Acquisition Corp. as describedin explanation (1).
- [F4]See Column 2.