Driftwood Ventures, Inc. 4
4 · Driftwood Ventures, Inc. · Filed Jun 25, 2008
Insider Transaction Report
Form 4
Driftwood Ventures, Inc.DFTW.OB
Wolf Jay
DirectorSecretary
Transactions
- Award
Common Stock
2008-06-23$0.00/sh+125,000$125→ 125,000 total
Holdings
- 5,461,000(indirect: See footnote)
Common Stock
Footnotes (2)
- [F1]Represents shares of restricted stock granted under the Company's 2007 Employee, Director and Consultant Stock Plan. The shares of restricted stock are subject to forfeiture to the Company in the event that Mr. Wolf terminates his position as an officer and director of the Company before June 23, 2011. In addition, the right of forfeiture will lapse in its entirety upon a change of control of the Company.
- [F2]These shares of common stock are held directly by Trinad Management, LLC and Trinad Advisors GP, LLC, for which Jay Wolf serves as the managing director. In such capacity, Mr. Wolf may be deemed to be the beneficial owner of these of common stock. Mr. Wolf disclaims beneficial ownership of these shares of common stock, except to the extent of any pecuniary interest therein.