TISSERA INC 4
4 · TISSERA INC · Filed Apr 29, 2004
Insider Transaction Report
Form 4
TISSERA INCTSSR
PICO BOB
Director
Transactions
- Exercise/Conversion
Common Stock Purchase Warrant (right to buy)
2004-04-15−45,090→ 225,450 totalExercise: $1.00→ Common Stock (34,852 underlying) - Sale
Common Stock
2004-04-28$3.65/sh−1,500$5,475→ 30,352 total - Award
Common Stock Purchase Warrant (right to buy)
2003-09-05+270,540→ 270,540 totalExercise: $1.00→ Common Stock (270,540 underlying) - Sale
Common Stock
2004-04-27$3.72/sh−3,000$11,160→ 31,852 total - Exercise/Conversion
Common Stock
2004-04-15$1.00/sh+34,852$34,852→ 34,852 total - Sale
Common Stock
2004-04-29$3.80/sh−500$1,900→ 29,852 total - Sale
Common Stock
2004-04-29$3.63/sh−1,000$3,630→ 28,852 total
Footnotes (2)
- [F1]For his services as a director, the reporting person received 270,540 common stock purchase warrants, which are vested over a three year period as follows: (i) during the first year 100,000 are vested, (ii ) during the second year 100,000 are vested and (iii) during the third year 70,540 are vested. The common stock purchase warrants expire three years from the date of issuance.
- [F2]The reporting person exercised 45,090 of his warrants on a cashless basis which resulted in the issuance of 34,852 shares of common stock.