DIAMOND RICHARD J 4
4 · OMNIRELIANT HOLDINGS, INC. · Filed Feb 3, 2010
Insider Transaction Report
Form 4
DIAMOND RICHARD J
Director
Transactions
- Other
Common Stock Purchase Warrants
2009-09-30+1,380,314→ 6,746,980 total(indirect: See Footnote)Exercise: $0.20From: 2009-09-30Exp: 2019-09-30→ Common Stock (1,380,314 underlying) - Other
Common Stock Options
2009-12-31+500,000→ 7,246,980 totalExercise: $0.35Exp: 2014-12-31→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]On September 30, 2009, Midtown Partners & Co., LLC received warrants to purchase 1,380,314 shares of common stock. Mr. Diamond's spouse, Deecembra Diamond, owns 36% of Apogee Financial Investments, Inc., which owns 100% of Midtown Partners & Co., LLC, a FINRA licensed broker-dealer. Mr. Diamond specifically disclaims beneficial ownership of these shares except to the extent of his pecuniary interests therein.
- [F2]Includes 1,200,000 shares of common stock held by Mr. Diamond's spouse and an additional 4,166,666 common stock purchase warrants owned by Midtown Partners & Co., LLC. Mr. Diamond's spouse, Deecembra Diamond, owns 36% of Apogee Financial Investments, Inc., which owns 100% of Midtown Partners & Co., LLC, a FINRA licensed broker-dealer. Mr. Diamond specifically disclaims beneficial ownership of these shares except to the extent of his pecuniary interests therein.
- [F3]The Option is exercisable in four (4) equal annual installments of twenty five (25%) of the shares covered by the option, the first installment to be exercisable on the first anniversary of the date of the option, with an additional twenty five percent (25%) of such shares becoming exercisable on each of the three (3) successive anniversary dates.