Tousignant James M. 4
4 · Secure America Acquisition CORP · Filed Nov 2, 2009
Insider Transaction Report
Form 4
Tousignant James M.
DirectorPresident and CEO10% Owner
Transactions
- Award
Employee Stock Option (right to buy)
2009-10-29+100→ 100 totalExercise: $0.01From: 2009-10-29Exp: 2019-10-29→ Common Stock (100 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2009-10-29−100→ 0 totalExercise: $0.01From: 2009-10-29Exp: 2019-10-29→ Common Stock (100 underlying) - Exercise/Conversion
Common Stock
2009-10-29$0.01/sh+100$1→ 14,562 total - Award
Membership Units in Ultimate Escapes Holdings, LLC
2009-10-29+3,858,571→ 3,858,571 total(indirect: By LLC)→ Common Stock (3,858,571 underlying)
Footnotes (3)
- [F1]The membership units of Ultimate Escapes Holdings, LLC are convertible into common stock at any time on a one-for-one basis, and have no expiration date.
- [F2]The reporting person is a member of the board of managers of Ultimate Resort Holdings, LLC. The reporting person also holds a majority of the voting rights in, is a principal of the manager of, and owns a membership interest in Ultimate Resort, LLC, which is the majority member of, and has the right to appoint a majority of the members of the board of managers of, Ultimate Resort Holdings, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of thse shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F3]Issued pursuant to the terms of the contribution agreement by and among the Issuer, Ultimate Escapes Holdings, LLC, Ultimate Resort Holdings, LLC and the Member Representative, dated September 2, 2009, as amended, and the amended and restated operating agreement of Ultimate Escapes Holdings, LLC entered into on October 29, 2009.