Moxon Tim 4
4 · ARGYLE SECURITY, INC. · Filed Feb 3, 2009
Insider Transaction Report
Form 4
Moxon Tim
VP of a Subsidiary*
Transactions
- Award
Options to Purchase Common Stock
2009-02-01$0.75/sh+10,000$7,500→ 10,000 totalExercise: $1.10Exp: 2019-02-01→ Common Stock (10,000 underlying) - Discretionary Transaction
Subordinated Convertible Promissory Note
2009-01-12$10.00/sh+2,295$22,950→ 0 totalExercise: $10.00→ Common Stock (2,295 underlying) - Discretionary Transaction
Common Stock
2009-01-12$10.00/sh+2,295$22,950→ 13,691 total
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.