4//SEC Filing
YTB International, Inc. 4
Accession 0001144204-08-000586
CIK 0000852766operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 9:18 PM ET
Size
9.9 KB
Accession
0001144204-08-000586
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.PK
CAUTHEN ANDREW FLETCHER
DirectorPresident and CEO
Transactions
- Award
Stock Options (right to buy)
2008-01-01+300,000→ 300,000 totalExercise: $1.09From: 2008-01-01Exp: 2017-12-31→ Class A Common Stock (300,000 underlying)
Holdings
- 225,000
Warrants (right to buy)
Exercise: $0.58From: 2005-02-09Exp: 2010-02-09→ Class A Common Stock (225,000 underlying) - 450,000
Class A Common Stock
Footnotes (4)
- [F1]The Issuer has two classes of common stock, Class A Common Stock and Class B Common Stock. The two classes of common stock are identical in all respects except as to voting power, as shares of Class A Common Stock are entitled to one-tenth vote per share, and shares of Class B Common Stock, one vote per share, on all matters submitted to a vote of the Issuer's stockholders. Because shares of Class B Common Stock automatically convert into Class A Common Stock on a one-for-one basis upon sale or other disposition (with the exception of transfers among related entities, transfers to trusts for the benefit of the transferring holder of the Class B Common Stock, bona fide pledges under financing arrangements and similar transfers), the Reporting Person has included all shares of Class B Common Stock that he holds in calculating and reporting the total number of shares of Class A Common Stock that he holds throughout this Form 4.
- [F2]The Reporting Person has not engaged in any reportable transactions with respect to the non-derivative securities of the Issuer reported in this row and is including his ownership of these securities for informational purposes only in this Form 4.
- [F3]The transaction reported in this row involves the grant by the Issuer to the Reporting Person, on January 1, 2008, of options to purchase 300,000 shares of the Issuer's Class A Common Stock at an exercise price of $1.09 per share, the fair market value of the Class A Common Stock on the grant date. The options were granted under the Issuer's 2004 Stock Option and Restricted Stock Plan and will vest in five stages, with 60,000 options vesting immediately on the grant date and an additional 60,000 options vesting on each of the first four anniversaries of the grant date.
- [F4]The Reporting Person has not engaged in any reportable transactions with respect to the derivative securities of the Issuer reported in this row and is including his ownership of these securities for informational purposes only in this Form 4.
Documents
Issuer
YTB International, Inc.
CIK 0000852766
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000852766
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 9:18 PM ET
- Size
- 9.9 KB