4//SEC Filing
Wolf Jay 4
Accession 0001144204-10-008511
CIK 0001326652other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 9:18 PM ET
Size
8.8 KB
Accession
0001144204-10-008511
Insider Transaction Report
Form 4
Zoo Entertainment, IncZOOE.OB
Wolf Jay
DirectorSecretary
Transactions
- Award
Options
2010-02-11+21,847,800→ 21,847,800 totalExercise: $0.00Exp: 2020-02-11→ Common Stock (21,847,800 underlying) - Award
Common Stock
2010-02-11$0.00/sh+159,516,000$159,516→ 160,101,654 total
Footnotes (3)
- [F1]Represents shares of restricted stock granted in consideration for Mr. Wolf agreeing to serve as Chairman of the Board of Directors of Zoo Entertainment, Inc. (the "Company"). The shares are subject to forfeiture in the event Mr. Wolf ceases to be an employee, director or consultant of the Company. The grant of such shares is conditioned upon 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 shares shall be deemed immediately canceled.
- [F2]The Options were granted as partial consideration for Mr. Wolf's services as a director of Zoo Entertainment, Inc. (the "Company"). The Options were granted outside of the Company's 2007 Employee, Director and Consultant Stock Plan, as amended.
- [F3]The Options vest as follows: commencing as of the Effective Date, 25% vest immediately, and 25% vest on each of the first, second and third anniversaries of the date of grant. The grant of such Options is conditioned upon, and cannot be exercised prior to, the Effective Date, 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 0001289633
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 9:18 PM ET
- Size
- 8.8 KB