TRULITE INC 4

4 · TRULITE INC · Filed Feb 21, 2007

Form 4

Period: 2006-09-19

Director10% Owner

Transactions

Award
Options for purchase of Common Stock
2006-04-03+176,278→ 176,278 total(indirect: By Partnership)
Exercise: $0.88From: 2006-04-03Exp: 2010-04-03→ Common Stock, par value $.0001 per share (176,278 underlying)
Award
Warrants for purchase of Common Stock
2006-04-13+592,500→ 592,500 total(indirect: By Partnership)
Exercise: $1.50From: 2006-04-13Exp: 2007-04-13→ Common Stock, par value $.0001 per share (592,500 underlying)
Other
Common stock, Par Value $.0001 per share
2006-09-19+5,331,622→ 6,101,192 total(indirect: By Partnership)
Other
Common stock, Par Value $.0001 per share
2006-09-19+792→ 6,101,192 total(indirect: By Partnership)

Footnotes (4)

[F1]William J. Berger is the Chairman of the Board of Directors of Trulite, Inc. (the "Company") and is the sole member and manager of Standard Renewable Energy Services, GP LLC, which is the sole General Partner of NewPoint Energy Solutions, LP ("NewPoint"). On September 19, 2006, 17 holders of the Company's common stock contributed to NewPoint an aggregate of 5,331,622 shares of the Company's common stock in exchange for equity securities in NewPoint. As a result of such contribution, NewPoint beneficially owns 5,331,622 shares of the Company's common stock.
[F2]Additionally, as a manager of Contango Capital Partnership Management LLC ("CCPM"), the general partner of Contango Capital Partners, LP ("CCP"), Mr. Berger can be deemed to have shared dispositive power over warrants to purchase 592,500 shares of Common Stock owned by CCP and options to purchase 176,278 shares of Common Stock owned by CCP, shared voting power over the 768,778 shares of Common Stock underlying those options and warrants, and shared voting and dispositive power over the 792 shares of Common Stock owned by CCPM.
[F3]Granted pursuant to the Company's 2006 Stock Option Plan.
[F4]On April 13, 2006, pursuant to Rule 504 of Regulation D promulgated under the Securities Act, the Company issued 1,000,000 shares of Common Stock and 1,000,000 warrants to purchase Common Stock, at an exercise price of $1.50 per share, to 12 accredited investors for an aggregate purchase price of $1,000,000.

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