MAZERSKI THOMAS E 5
5 · MOBILEPRO CORP · Filed Jun 22, 2005
Insider Transaction Report
Form 5
MOBILEPRO CORPMOBL
MAZERSKI THOMAS E
CEO of CloseCall America, Inc.
Transactions
- Award
Warrant
2005-06-16+1,500,000→ 1,500,000 totalExercise: $0.15Exp: 2015-04-20→ Common Stock (1,500,000 underlying)
Holdings
- 117,906
Warrant
Exercise: $0.30From: 2004-10-15Exp: 2009-10-15→ Common Stock (117,906 underlying) - 47,162
Warrant
Exercise: $0.35From: 2004-10-15Exp: 2009-10-15→ Common Stock (47,162 underlying) - 1,883,391
Common Stock
- 500,000
Warrant
Exercise: $0.23Exp: 2014-10-18→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]The reporting person acquired 1,883,391 shares of common stock, a warrant to purchase 117,906 shares of common stock and a warrant to purchase 47,162 shares of common stock on October 15, 2004, pursuant to the Agreement and Plan of Merger between Mobilepro and CloseCall. On the effective date of the merger, Mobilepro's common stock closed at price of $0.20 per share.
- [F2]The reporting person acquired a warrant to purchase 500,000 shares of common stock on October 18, 2004 pursuant to the terms of his employment agreement. The warrant vests as to 250,000 shares upon Mobilepro Telco Operations reaching $5,000,000 in Adjusted EBIDTA and the other 250,000 shares shall vest ratably over the twenty-four (24) month term of Mr. Mazerski's employment Agreement, or immediately (i) if Mr. Mazerski employment is terminated without cause or for good reason (as described in Section 4 of his employment agreement) or (ii) due to a Change of Control (as described in Section 5(a) of his employment agreement).
- [F3]This warrant will became vested and exercisable as to 83,333 shares of common stock commencing May 20, 2005 and an additional 83,333 each month thereafter through October 20, 2006 with any remaining unvested balance vested on that date.