Chaimovski Ron 4
4 · ARGYLE SECURITY, INC. · Filed Feb 3, 2009
Insider Transaction Report
Form 4
Chaimovski Ron
DirectorChairman of the Board
Transactions
- Award
Options to Purchase Common Stock
2009-02-01$0.75/sh+50,000$37,500→ 50,000 totalExercise: $1.10Exp: 2019-02-01→ Common Stock (50,000 underlying) - Award
Common Stock
2009-02-01+25,000→ 375,159 total
Holdings
- 11,603(indirect: By Argyle Joint Venture)
Common Stock
Footnotes (4)
- [F1]Grant of Restricted Stock. One-third of these shares will vest on each of December 31, 2009, 2010 and 2011.
- [F2]Includes shares of common stock within 31,250 units purchased by Mr. Chaimovski for $8.00 per unit in a private placement. Each unit consists of one share of common stock and one warrant to purchase common stock.
- [F3]Mr. Chaimovski has no voting or dispositive power over the shares held by Argyle Joint Venture. Although Argyle Joint Venture owns 278,910 shares and options to purchase 34,176 shares. Mr. Chaimovski has pecuniary interest in only 11,603 of such shares and 1,422 of such options to purchase shares.
- [F4]One-third of these options will become exercisable on each of December 31, 2009, 2010 and 2011.