4//SEC Filing
BENNETT DOUGLAS 4
Accession 0001144204-04-022698
CIK 0000798078other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 6:25 PM ET
Size
13.0 KB
Accession
0001144204-04-022698
Insider Transaction Report
Form 4
BENNETT DOUGLAS
Executive VP
Transactions
- Award
Common Stock Options
2004-06-17+200,000→ 200,000 totalExercise: $1.60Exp: 2011-06-16→ Common Stock (200,000 underlying) - Gift
Series C Convertible Preferred Stock
2004-10-25+1,090→ 1,090 totalFrom: 2004-10-25→ Common Stock (21,800 underlying) - Gift
Warrant for Common Stock
2004-10-25+1,090→ 1,090 totalExercise: $1.77From: 2004-10-25→ Common Stock (10,900 underlying) - Award
Common Stock Options
2004-06-17+100,000→ 100,000 totalExercise: $1.60Exp: 2011-06-16→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]The options were issued pursuant to Mr. Bennett's employment agreement and vest ratably, on a monthly basis, over the two and one-half year period beginning on the date of grant. Mr. Bennett's grant was for 50,000 shares of common stock at an exercise price of $3.20 per share. As a result of the Company's two for one stock split on September 15, 2004, the number of shares underlying the grant was doubled to 100,000 and the exercise price was halved to $1.60.
- [F2]The options vest ratably, on a monthly basis, over the three year period beginning on the date of grant. Mr. Bennett's grant was for 100,000 shares of common stock at an exercise price of $3.20 per share. As a result of the Company's two for one stock split on September 15, 2004, the number of shares underlying the grant was doubled to 200,000 and the exercise price was halved to $1.60.
- [F3]On October 25, 2004, the Reporting Person was gifted 1,090 shares of Series C Convertible Preferred Stock. Each share of Series C Convertible Preferred Stock is convertible into 20 shares of common stock, and one warrant to purchase 10 shares of commmon stock at $1.775 per share.
- [F4]N/A
Documents
Issuer
NATIONAL LAMPOON INC
CIK 0000798078
Entity typeother
Related Parties
1- filerCIK 0001267866
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 6:25 PM ET
- Size
- 13.0 KB