STACY MARVIN 4
4 · DIVERSIFIED PRODUCT INSPECTIONS INC · Filed May 1, 2009
Insider Transaction Report
Form 4
STACY MARVIN
DirectorCOO10% Owner
Transactions
- Sale
Common Stock
2009-04-30−1,000,000→ 1,108,055 total - Other
Common Stock
2009-04-30−1,108,055→ 0 total - Other
Stock Options
2009-04-30$0.11/sh−2,500,000$270,000→ 0 totalExercise: $0.11→ Common Stock (2,500,000 underlying)
Footnotes (4)
- [F1]Diversified Product Inspections, Inc. (the "Company") entered into a Settlement and Asset Purchase Agreement dated September 30, 2008 (the "Agreement"). Pursuant to the terms of the Agreement Mr. Stacy transferred 1,000,000 shares to a third party for $100 and cancelled his remaining shares of common stock and all options to purchase shares of common stock held with the Company.
- [F2]The securities are fully vested.
- [F3]The options expire upon termination of Mr. Stacy's employment with the Company.
- [F4]N/A