SAUNDERS BURT L 4
4 · YTB International, Inc. · Filed May 27, 2009
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
SAUNDERS BURT L
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2008-12-31−24,391→ 0 total
Footnotes (2)
- [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 Class B Common Stock in calculating and reporting the total number of shares of Class A Common Stock that he holds or that he has acquired or disposed of throughout this Form 4.
- [F2]This unvested restricted stock award was forfeited upon Mr. Saunders' resignation as a director.