SCHOLZ ANDRE 5
5 · MAGNITUDE INFORMATION SYSTEMS INC · Filed Feb 16, 2010
Insider Transaction Report
Form 5
SCHOLZ ANDRE
DirectorPres/CEO-Kiwibox Media, Inc.
Transactions
- Award
Common Stock
2009-06-04+1,700,000→ 1,700,000 total - Purchase
Common Stock
2009-10-14$0.00/sh+23,396,176$70,189→ 25,596,176 total(indirect: See Footnote)
Footnotes (2)
- [F1]As previously reported on Form 3, filed with the Commission on June 12, 2009, Reporting Person disclosed a common stock position of 1,700,000 common shares based upon the compensation he earned and to which he is entitled, as set forth in the Form 8-K filed with the Commission on June 10, 2009, disclosing that Reporting Person received 500,000 restricted common shares and will earn 100,000 restricted common shares for each month of service during the 12 month term of the consulting agreement, effective as of June 1, 2009 and signed with the Issuer on June 4, 2009, as disclosed in the Issuer's current report filed on Form 8-K with the Commission on June 10, 2009.
- [F2]Reporting Person acquired these shares in a private stock purchase from a shareholder through a German entity, Interscholz Beteiligungs GmbH, over which Reporting Person has investment and voting control, as reported on the Form 4 filed with the Commission on October 16, 2009 by Reporting Person.