INFONOW CORP / 4

4 · INFONOW CORP / · Filed Jan 23, 2004

Insider Transaction Report

Form 4

Period: 2004-01-20

INFONOW CORP /INOW

MEDINA JAMES

VP, Controller, Treasurer

Transactions

Exercise/Conversion
Common Stock
2004-01-20$1.43/sh+4,375$6,256→ 16,875 total
Sale
Common Stock
2004-01-22$3.45/sh−2,542$8,770→ 0 total
Exercise/Conversion
Stock Option (right to buy)
2004-01-20−4,375→ 0 total
Exercise: $1.43Exp: 2013-09-05→ Common Stock (4,375 underlying)
Exercise/Conversion
Stock Option (right to buy)
2004-01-20−9,167→ 833 total
Exercise: $1.53Exp: 2006-03-30→ Common Stock (9,167 underlying)
Exercise/Conversion
Stock Option (right to buy)
2004-01-21−4,488→ 5,412 total
Exercise: $2.35Exp: 2006-10-26→ Common Stock (4,488 underlying)
Exercise/Conversion
Common Stock
2004-01-20$1.39/sh+12,500$17,375→ 12,500 total
Exercise/Conversion
Common Stock
2004-01-20$1.64/sh+3,222$5,284→ 29,264 total
Sale
Common Stock
2004-01-20$3.36/sh−29,364$98,557→ 0 total
Exercise/Conversion
Stock Option (right to buy)
2004-01-20−3,222→ 778 total
Exercise: $1.64Exp: 2006-07-19→ Common Stock (3,222 underlying)
Exercise/Conversion
Stock Option (right to buy)
2004-01-22−2,542→ 2,870 total
Exercise: $2.35Exp: 2006-10-26→ Common Stock (2,542 underlying)
Exercise/Conversion
Stock Option (right to buy)
2004-01-20−12,500→ 0 total
Exercise: $1.39Exp: 2013-01-24→ Common Stock (12,500 underlying)
Exercise/Conversion
Common Stock
2004-01-21$2.35/sh+4,488$10,547→ 4,488 total
Exercise/Conversion
Common Stock
2004-01-22$2.35/sh+2,542$5,974→ 2,542 total
Exercise/Conversion
Common Stock
2004-01-20$2.35/sh+100$235→ 29,364 total
Sale
Common Stock
2004-01-21$3.46/sh−4,488$15,545→ 0 total
Exercise/Conversion
Common Stock
2004-01-20$1.53/sh+9,167$14,044→ 26,042 total
Exercise/Conversion
Stock Option (right to buy)
2004-01-20−100→ 9,900 total
Exercise: $2.35Exp: 2006-10-26→ Common Stock (100 underlying)

Footnotes (6)

[F1]The sales reported on this Form 4 were effected pursuant to a preexisting Rule 10b5-1 trading plan.
[F2]The option was immediately exercisable as to 1/12th of the total underlying shares, and the option became exercisable as to the remaining underlying shares in equal monthly installments of 1/12th of the total underlying shares on the 24th day of each month after the grant date until fully vested.
[F3]The stock option vested with respect to 100% of the total underlying shares on December 31, 2003.
[F4]The stock option vested with respect to 7/36th of the total underlying shares on October 30, 2001, and vests with respect to 1/36th of the total underlying shares on the 30th day of each month thereafter, provided that as of each such date, the holder is an employee of the Company.
[F5]The stock option vested with respect to 7/36th of the total underlying shares on February 19, 2002, and vests with respect to 1/36th of the total underlying shares on the 19th day of each month thereafter, provided that as of each such date, the holder is an employee of the Company.
[F6]The stock option vested with respect to 7/36th of the total underlying shares on May 26, 2002, and vests with respect to 1/36th of the total underlying shares on the 26th day of each month thereafter, provided that as of each such date, the holder is an employee of the Company.

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