4//SEC Filing
Rosenbaum David W. 4
Accession 0001144204-10-008507
CIK 0001326652other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 9:11 PM ET
Size
7.2 KB
Accession
0001144204-10-008507
Insider Transaction Report
Form 4
Zoo Entertainment, IncZOOE.OB
Rosenbaum David W.
Pres. of Zoo Publishing, Inc.
Transactions
- Award
Options
2010-02-11+202,581,600→ 202,581,600 totalExercise: $0.00Exp: 2020-02-11→ Common Stock (202,581,600 underlying)
Footnotes (2)
- [F1]The Options were granted as partial consideration for Mr. Rosenbaum's continued personal guarantee of the payment and performance by Zoo Entertainment, Inc. (the "Company") of certain obligations in connection with a previously entered into purchase order financing, pursuant to a Fee Letter entered into between Mr. Rosenbaum and the Company, dated as of May 12,2009, as amended on August 31, 2009 and November 20, 2009. The Options were granted outside of the Company's 2007 Employee, Director and Consultant Stock Plan, as amended.
- [F2]The Options vest as follows: commencing as of the Effective Date (as defined below), 72% vest immediately, 14% vest on May 12, 2010 and 14% vest on May 12, 2011. The grant of such Options is conditioned upon, and cannot be exercised prior to, the effectiveness (the "Effective Date") of those certain amendments to the Company's Certificate of Incorporation authorizing an increase in the number of authorized shares of Common Stock from 250,000,000 shares to 3,500,000,000 shares and effecting a reverse stock split at a ratio of one for 600 shares of Common Stock (the "Charter Amendments"), and in the event the Charter Amendments are not filed prior to September 1, 2010, the Options shall be deemed immediately canceled.
Documents
Issuer
Zoo Entertainment, Inc
CIK 0001326652
Entity typeother
Related Parties
1- filerCIK 0001463819
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 9:11 PM ET
- Size
- 7.2 KB