4//SEC Filing
KESTENBAUM HAROLD 4
Accession 0001144204-09-030563
CIK 0000852766other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:40 PM ET
Size
6.7 KB
Accession
0001144204-09-030563
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
KESTENBAUM HAROLD
Director
Transactions
- Award
Class A Common Stock
2009-05-29+200,000→ 403,437 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]The transaction reported in this row involves the grant by the Issuer to the Reporting Person of a $30,000 restricted stock award, pursuant to the Issuer's plan of compensation for its non-employee directors. The number of shares of Class A Common Stock issued pursuant to such restricted stock award was determined based on the fair market value of the Class A Common Stock as of the close of trading on the grant date. The restricted stock award will vest entirely on the one year anniversary of the grant date subject to the Reporting Person's continued service on the Board of Directors of the Issuer.
Documents
Issuer
YTB International, Inc.
CIK 0000852766
Entity typeother
Related Parties
1- filerCIK 0001285085
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:40 PM ET
- Size
- 6.7 KB