Schuster Steven W 5
5 · MIT Holding, Inc. · Filed Feb 17, 2009
Insider Transaction Report
Form 5
Schuster Steven W
Director
Transactions
- Award
Common Stock
2009-02-04$0.05/sh+100,000$5,000→ 1,542,222 total
Holdings
- 100,000
Qualified Incentive Stock Options
Exercise: $0.50From: 2008-05-02Exp: 2012-05-02→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]Includes 500,000 shares recorded on May 2, 2007, 20,000 shares received by the Reporting Person which vested on May 2, 2008 issued as consideration for serving as an outside director of the Company, 822,222 shares received on September 28, 2008 and an option to purchase 100,000 shares of common stock of the Issuer at a price of $.50 per share. The option vested on May 2, 2008 and terminates on May 2, 2012.
- [F2]The 500,000 shares received on May 2, 2007 were issued to Monument Enterprises, LLC, an affiliate of the Reporting Person.
- [F3]The 822,222 shares received on September 28, 2008 were issued to McLaughlin & Stern, LLP, an affiliate of the Reporting Person.
- [F4]This option is for the purchase of 100,000 shares of common stock in the Issuer at a price of $.50 per share. The option vested on May 2, 2008 and it terminates on May 2, 2012.