COHEN DARRYL R 4
4 · OCEAN WEST HOLDING CORP · Filed May 2, 2006
Insider Transaction Report
Form 4
OCEAN WEST HOLDING CORPOWHC.OB
COHEN DARRYL R
DirectorChairman & CEO
Transactions
- Award
Common Stock
2006-04-28+200,000→ 1,125,667 total(indirect: See footnote) - Award
Stock Options
2006-04-28+1,000,000→ 1,220,000 totalExercise: $1.01From: 2006-04-28Exp: 2016-04-28→ Common Stock (1,000,000 underlying)
Footnotes (4)
- [F1]The reporting person received 200,000 restricted shares of common stock as a bonus for services rendered in connection with the execution of a contract between Rogers Wireless and AskMeNow, a wholly owned subsidiary of Issuer.
- [F2]These shares are held in the name of Darryl Cohen and Nini Cohen, TTEE, the Cohen Family Trust.
- [F3]The reporting person received non qualified stock options to purchase up to 1,000,000 shares of common stock as a bonus for services rendered in connection with the consummation of a private placement offering of the Issuer.
- [F4]The reporting person received stock options to purchase up to 1,000,000 shares of common stock as a bonus which shall vest upon the earlier of (i) the completion of the acquisition of Intelligate Ltd. by the Issuer, or (ii) April 28, 2010.