4//SEC Filing
Katz Burton 4
Accession 0001144204-09-035070
CIK 0001022899other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 6:04 AM ET
Size
11.3 KB
Accession
0001144204-09-035070
Insider Transaction Report
Form 4
NEW MOTION, INC.NWMO
Katz Burton
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2009-06-25−300,000→ 0 totalExercise: $10.92Exp: 2018-02-04→ Common Stock (300,000 underlying) - Award
Restricted Stock Units
2009-06-25+275,000→ 275,000 total→ Common Stock (275,000 underlying) - Award
Restricted Stock Units
2009-06-25+100,000→ 100,000 total→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]The option vested with respect to 100,000 shares of common stock on 02/04/09; thereafter the option next vested with respect to 8,341 shares of common stock on 03/31/09; thereafter, the option was to vest with respect to the remaining 191,659 shares of common stock underlying the option, in 23 equal installments of 8,333 shares each on the last day of each calendar month during the 23 consecutive months commencing after 03/31/09.
- [F2]The option was canceled by mutual agreement of the reporting person and Atrinsic, Inc. The reporting person received 100,000 restricted stock units as consideration for the cancellation.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Atrinsic, Inc. common stock.
- [F4]On each of December 31, 2009, 2010, and 2011, 30,000 restricted stock units will be eligible for vesting in accordance with quantitative measures and 3,333 restricted stock units will be eligible for vesting in accordance with other quantitative and/or qualitative measures, which measures will be established from time to time by the Compensation Committee of Atrinsic, Inc. Vested shares will be delivered to the reporting person as soon as practicable following the applicable vesting date.
- [F5]The restricted stock units shall each vest after the closing of trading on the date that the average per share trading price of Atrinsic, Inc. common stock during any period of 10 consecutive trading days equals or exceeds $7.50. Vested shares will be delivered to the reporting person as soon as practicable following the applicable vesting date.
Documents
Issuer
NEW MOTION, INC.
CIK 0001022899
Entity typeother
Related Parties
1- filerCIK 0001390025
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 6:04 AM ET
- Size
- 11.3 KB