4//SEC Filing
Larner Drew 4
Accession 0001144204-10-008517
CIK 0001326652other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 9:25 PM ET
Size
8.7 KB
Accession
0001144204-10-008517
Insider Transaction Report
Form 4
Zoo Entertainment, IncZOOE.OB
Larner Drew
Director
Transactions
- Award
Common Stock
2010-02-11$0.00/sh+2,743,800$2,744→ 0 total - Award
Options
2010-02-11+12,744,600→ 12,744,600 totalExercise: $0.00Exp: 2020-02-11→ Common Stock (12,744,600 underlying)
Footnotes (3)
- [F1]Represents shares of restricted stock granted in consideration for Mr. Larner's services as a member of the Compensation Committee of Zoo Entertainment, Inc. (the "Company"). The shares are subject to forfeiture in the event Mr. Larner 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. Larner's services as a director of 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 (as defined below), 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 0001390024
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 9:25 PM ET
- Size
- 8.7 KB