ACIES CORP·4

Jun 1, 11:41 AM ET

ACIES CORP 4

4 · ACIES CORP · Filed Jun 1, 2006

Insider Transaction Report

Form 4
Period: 2006-05-03
ACIES CORPACIE.OB
Transactions
  • Award

    Stock option (right to buy)

    2006-05-03+300,000300,000 total
    Exercise: $0.25Exp: 2011-05-05Common Stock (300,000 underlying)
Holdings
  • Common Stock, par value $.001 per share

    8,212,510
  • Common Stock, par value $.001 per share

    (indirect: By corporation and limited liability company)
    228,121
Footnotes (2)
  • [F1]As of March 3, 2006, GM Merchant Solution, Inc. ("GM-NY"), a New York corporation, and GMS Worldwide, LLC ("GMS-NY"), a New York limited liability company, each held 342,182 shares of common stock of Acies Corporation. The reporting person exercises voting and investment power with respect to one-third (1/3) of the securities beneficially owned by GM-NY and GMS-NY. The reporting person disclaims beneficial ownership of securities held by GM-NY and GMS- NY except to the extent of his pecuniary interest in GM-NY and GMS-NY.
  • [F2]These options vest in equal quarterly installments over a period of three years, beginning on June 30, 2006.

Documents

1 file
  • 4
    v044650_ex.xmlPrimary