Herring Richard N 4
4 · Vu1 CORP · Filed Jan 29, 2009
Insider Transaction Report
Form 4
Vu1 CORPVUOC.OB
Herring Richard N
DirectorChief Technology Officer
Transactions
- Purchase
Common Stock
2008-11-15+125,000→ 1,602,500 total - Purchase
Warrant
2008-11-15+62,500→ 62,500 totalExercise: $0.60From: 2008-11-15Exp: 2010-11-14→ Common (62,500 underlying) - Award
Stock Option
2009-01-27+108,750→ 108,750 totalExercise: $1.00From: 2009-01-27Exp: 2018-09-08→ Common (108,750 underlying)
Footnotes (2)
- [F1]Purchased 62,500 Units for $50,000 in the Company's private placement at a subscription price of $0.80 per Unit consisting of two shares of our common stock and a Warrant to purchase one share of common stock.
- [F2]On September 9, 2008, the reporting person was granted an option to purchase 150,000 shares of common stock, with vesting based upon certain performance criteria. On January 27, 2009, the board of directors for the issuer determined that the performance criteria were satisfied for 108,750 shares underlying the option; the remaining option shares were cancelled.