4//SEC Filing
ZAREF ANDREW 4
Accession 0001144204-09-035076
CIK 0001022899other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 6:09 AM ET
Size
11.5 KB
Accession
0001144204-09-035076
Insider Transaction Report
Form 4
NEW MOTION, INC.ATRN
ZAREF ANDREW
Chief Financial Officer
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2009-06-25−200,000→ 0 totalExercise: $4.16Exp: 2018-07-04→ Common Stock (200,000 underlying) - Award
Restricted Stock Units
2009-06-25+66,667→ 66,667 total→ Common Stock (66,667 underlying) - Award
Restricted Stock Units
2009-06-25+200,000→ 200,000 total→ Common Stock (200,000 underlying)
Footnotes (5)
- [F1]The option was to have vested with respect to 66,666 shares of common stock on 7/14/09; thereafter the option was to have next vested with respect to 5,555 shares of common stock on 08/31/09 (such vesting date, the "Second Vesting Date"); thereafter, the option was to next vest, with respect to the remaining 127,779 shares of common stock underlying the option, in 22 equal installments of 5,555 shares and one final installment of 5,569 shares, each on the last day of each calendar month during the period of 23 consecutive months commencing after the Second Vesting Date. The options were also subject to acceleration in certain circumstances.
- [F2]The option was canceled by mutual agreement of the reporting person and Atrinsic, Inc. The reporting person received 66,667 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, 20,000 restricted stock units will be eligible for vesting in accordance with quantitative measures and 2,222 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 0001275859
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 6:09 AM ET
- Size
- 11.5 KB