5//SEC Filing
VERTICAL COMPUTER SYSTEMS INC 5
Accession 0001144204-08-030113
CIK 0001099509operating
Filed
May 15, 8:00 PM ET
Accepted
May 16, 6:46 AM ET
Size
6.0 KB
Accession
0001144204-08-030113
Insider Transaction Report
Form 5
WADE RICHARD S
DirectorPresident/CEO
Transactions
- Other
Common Stock
2007-04-24−10,000,000→ 98,590,206 total
Footnotes (1)
- [F1]Mountain Reservoir Corporation ("MRC") is controlled by the W5 Family Trust. Richard Wade, the President and CEO of Vertical Computer Systems, Inc. (the "Company"), is the trustee of the W5 Family Trust. On April 23, 2007, the Company and MRC entered into an indemnity and reimbursement agreement for the transfer and pledges of shares of the Company's common stock to meet the Company's obligations concerning common stock of the Company. In connection with the loan of 10,000,000 shares by MRC, the Company agreed to reimburse MRC with up to 10,000,000 shares of the Company's common stock within one year of transfer and to pay MRC for all costs associated with such transfer.
Documents
Issuer
VERTICAL COMPUTER SYSTEMS INC
CIK 0001099509
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001099509
Filing Metadata
- Form type
- 5
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 6:46 AM ET
- Size
- 6.0 KB