Bergman Cathy 4
4 · SAGEMARK COMPANIES LTD · Filed Apr 16, 2009
Insider Transaction Report
Form 4
Bergman Cathy
DirectorCEO and Director
Transactions
- Award
Warrant
2009-04-10$6000.00/sh+600,000$3,600,000,000→ 685,000 totalExercise: $0.01Exp: 2014-01-14→ Common Stock (600,000 underlying) - Purchase
Common stock, $0.01 par value
2009-04-13$3467.00/sh+346,758$1,202,209,986→ 348,391 total
Footnotes (3)
- [F1]The Reporting Person acquired 346,758 shares of the Issuer's common stock from the Issuer's treasury, in exchange for $3,467 accrued compensation due by the Issuer to the Reporting Person.
- [F2]Of the total amount reported in Item 5, 1,633 shares are owned by the Reporting Person's spouse.
- [F3]A warrant to purchase up to 600,000 shares of the Issuer's common stock was issued to the Reporting Person on April 10, 2009 with an exercise price of $0.01 per share and a five year term expiring on January 14, 2014. Of such 600,000 shares, 250,000 shares vested at issuance. The warrant provides for certain incentive based thresholds for the vesting of the balance of the shares.