4//SEC Filing
Brent Michael 4
Accession 0001144204-09-023769
CIK 0000852766other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 11:58 AM ET
Size
9.3 KB
Accession
0001144204-09-023769
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
Brent Michael
10% OwnerOther
Transactions
- Gift
Class A Common Stock
2009-04-30−3,453,393→ 5,852,141 total
Holdings
- 168,750
Warrants (right to buy)
Exercise: $0.58From: 2007-04-29Exp: 2010-04-29→ Class A Common Stock (56,250 underlying)
Footnotes (4)
- [F1]The Issuer has two classes of common stock, Class A Common Stock and Class B Common Stock. The two classes of common stock are identical in all respects except as to voting power, as shares of Class A Common Stock are entitled to one-tenth vote per share, and shares of Class B Common Stock, one vote per share, on all matters submitted to a vote of the Issuer's stockholders. Because shares of Class B Common Stock automatically convert into Class A Common Stock on a one-for-one basis upon sale or other disposition (with the exception of transfers among related entities, transfers to trusts for the benefit of the transferring holder of the Class B Common Stock, bona fide pledges under financing arrangements and similar transfers), the Reporting Person has included all shares of Class B Common Stock that he holds in calculating and reporting the total number of shares of Class A Common Stock that he holds throughout this Form 4.
- [F2]The shares reported in this row are beneficially owned jointly by the Reporting Person and his spouse.
- [F3]The number of shares of Class A Common Stock reflected in this row includes 711,318 restricted shares that have not yet vested of the Issuer's common stock that were granted to the Reporting Person and his spouse by the Issuer on January 2, 2007. Such non-vested shares will vest in two equal installments of 355,644 shares each upon the next two anniversaries of the grant date, only upon the achievement of certain specified performance goals by the Reporting Person, as detailed in a restricted stock award agreement by and between the Issuer and the Reporting Person, dated as of January 2, 2007.
- [F4]The Reporting Person has not engaged in any reportable transactions with respect to the derivative securities of the Issuer reported in this row and is including his ownership of these securities for informational purposes only in this Form 4.
Documents
Issuer
YTB International, Inc.
CIK 0000852766
Entity typeother
Related Parties
1- filerCIK 0001312855
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 11:58 AM ET
- Size
- 9.3 KB