MORRISSON PAUL WILLIAM 4
4 · OMNIRELIANT HOLDINGS, INC. · Filed Jan 29, 2010
Insider Transaction Report
Form 4
MORRISSON PAUL WILLIAM
DirectorCEO & Director Resign. 1/21/10
Transactions
- Other
Common Stock Option
2009-01-15+1,500,000→ 2,100,000 totalExercise: $0.50From: 2009-01-15Exp: 2014-01-15→ Common Stock (1,500,000 underlying) - Sale
Common Stock
2010-01-29−300,000→ 0 total - Other
Common Stock Option
2006-10-31+300,000→ 600,000 totalExercise: $1.00From: 2006-10-31Exp: 2011-10-31→ Common Stock (300,000 underlying) - Sale
Common Stock Option
2010-01-29−1,500,000→ 300,000 totalExercise: $0.50From: 2009-01-15Exp: 2009-01-15→ Common Stock (1,500,000 underlying)
Footnotes (5)
- [F1]On January 29, 2010, Paul Morrison sold OmniReliant Holdings, Inc. his 300,000 shares of common stock and his options to purchase 1,500,000 shares of common stock fro an aggregate purchase price of $50,000
- [F2]Mr. Morrison was issued the option pursuant to the OmniReliant Holdings, Inc 2007 Stock Incentive Plan
- [F3]One third of the options vest immediately, one third of the options vest on the one year anniversary date of the option, and one-third of the options vest on the two year anniversary of the date of the option
- [F4]Includes 300,000 shares of common stock
- [F5]Includes an option to purchase 300,000 shares of common stock at an exercise price of $1.00 per share