PEIPERT GLENN 4
4 · CONVERSION SERVICES INTERNATIONAL INC · Filed Aug 25, 2006
Insider Transaction Report
Form 4
PEIPERT GLENN
DirectorExecutive VP and COO10% Owner
Transactions
- Disposition to Issuer
Stock Option
2006-08-23−10,320,154→ 0 totalExercise: $0.83Exp: 2010-11-16→ Common Stock (250,000 underlying) - Award
Common Stock
2006-08-23$0.63/sh+974,122$613,697→ 10,320,154 total
Footnotes (2)
- [F1]The acquisition by the reporting person herein was made in connection with the cancellation of $613,696.87of indebtedness owed by the Issuer to the reporting person. The conversion was made at $0.63 per share, the closing sales price of the Issuer's common stock on such date.
- [F2]Stock Options vest as follows: (i) 83,333 on 11/16/06; (ii) 83,333 on 11/16/07; (iii) 83,334 on 11/16/08