Weksel Michael E 4
4 · Alyst Acquisition Corp. · Filed Apr 10, 2009
Insider Transaction Report
Form 4
Weksel Michael E
DirectorCOO, CFO, Secretary
Transactions
- Award
Warrants/Put Option (right to sell)
2009-04-09$0.04/sh+559,794$24,967→ 227,500 totalExercise: $5.00From: 2009-06-30Exp: 2009-08-30→ Common Stock (559,794 underlying) - Disposition to Issuer
Warrants/Call Option (obligation to sell)
2009-04-09$0.04/sh+559,794$24,967→ 227,500 totalExercise: $5.00From: 2009-04-09Exp: 2009-08-31→ Common Stock (559,794 underlying)
Footnotes (2)
- [F1]Michael E. Weksel entered into a Put-Call Option Agreement with Alyst Acquisition Corp. ("Alyst"), approved by the Alyst Board of Directors and effective as of April 9, 2009 (the "Agreement"), pursuant to which Mr. Weksel may, at his option, at any time after June 29, 2009 and before August 31, 2009 notify Alyst that he intends to deliver all or a portion of such Warrants to Alyst for purchase. These Warrants are not exercisable unless and until a business combination with a target business is consummated.
- [F2]The Agreement provides that Alyst may, at its option, on or after the date of the Agreement through August 31, 2009, notify Mr. Weksel of its intention to purchase all of the Warrants from Mr. Weksel. These Warrants are not exercisable unless and until a business combination with a target business is consummated.