Mandalay Media, Inc. 4
4 · Mandalay Media, Inc. · Filed Jun 20, 2008
Insider Transaction Report
Form 4
Mandalay Media, Inc.MNDL.OB
SCHAEFFER PAUL M
Director
Transactions
- Award
Options
2008-06-18+300,000→ 300,000 totalExercise: $2.75Exp: 2018-06-18→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]The Options were granted in consideration for Mr. Schaeffer serving as Vice-Chairman of the board of directors and chairman of the audit committee, once established, of Mandalay Media, Inc.
- [F2]One-third of the Options are immediately exercisable upon grant, an additional one-third shall vest on the first anniversary of the date of grant and the remainder shall vest on the second anniversary of the date of grant.