Roller Robert 4
4 · ARGYLE SECURITY, INC. · Filed Feb 3, 2009
Insider Transaction Report
Form 4
Roller Robert
President of a Subsidiary*
Transactions
- Award
Options to Purchase Common Stock
2009-02-01$0.75/sh+25,000$18,750→ 25,000 totalExercise: $1.10Exp: 2019-02-01→ Common Stock (25,000 underlying) - Discretionary Transaction
Common Stock
2009-01-12$10.00/sh+3,500$35,000→ 21,119 total - Discretionary Transaction
Subordinated Convertible Promissory Note
2009-01-12$10.00/sh+3,500$35,000→ 0 totalExercise: $10.00→ Common Stock (3,500 underlying)
Footnotes (3)
- [F1]The Company elected to redeem, in full, the outstanding principal and accrued and unpaid interest on the subordinated convertible promissory at a conversion price of $10.00 per share.
- [F2]One-third of these options will become exercisable on each of December 31, 2009, 2010 and 2011.
- [F3]Beginning on January 1, 2009, the Issuer had the right to redeem all or part of the promissory note at the rate of one share of Common Stock for each $10.00 of unpaid principal or unpaid accrued interest.