4//SEC Filing
Tomer J Lloyd 4
Accession 0001144204-10-008718
CIK 0000852766other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:24 PM ET
Size
10.3 KB
Accession
0001144204-10-008718
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
Tomer J Lloyd
DirectorChairman of the Board10% OwnerOther
Transactions
- Disposition to Issuer
Class A Common Stock
2010-01-03−355,644→ 1,911,344 total
Holdings
- 8,107,677(indirect: By Great River Enterprises, LP#1)
Class A Common Stock
- 600,000(indirect: By Spouse)
Class A Common Stock
Footnotes (6)
- [F1]The Issuer has two classes of common stock, Class A Common Stock and Class B Common Stock. The two classes of common stock are identical in all respects except as to voting power, as shares of Class A Common Stock are entitled to one-tenth vote per share, and shares of Class B Common Stock, one vote per share, on all matters submitted to a vote of the Issuer's stockholders. (Continued to Footnote 2)
- [F2](Continued from Footnote 1) Because shares of Class B Common Stock automatically convert into shares of Class A Common Stock on a one-for-one basis upon sale or other disposition (with the exception of transfers among related entities, transfers to trusts for the benefit of the transferring holder of the Class B Common Stock, bona fide pledges under financing arrangements and similar transfers), the Reporting Person has included all shares of Class B Common Stock that he holds in calculating and reporting the total number of shares of Class A Common Stock that he holds, has acquired or has disposed of (as the case may be), throughout this Form 4.
- [F3]The transaction reported in this row was an involuntary forfeiture. Because certain performance goals were not attained, the fourth tranche of shares issued pursuant to a restricted stock award agreement with the Issuer did not vest on January 3, 2010 and were forfeited as a result.
- [F4]The number of shares of Class A Common Stock reflected in this row includes 355,644 restricted shares that have not yet vested of the Issuer's common stock that were granted to the Reporting Person on January 2, 2007. Such non-vested shares will vest upon the next anniversary of the grant date, only upon the achievement of certain specified performance goals by the Reporting Person, as detailed in a restricted stock award agreement by and between the Issuer and the Reporting Person, dated as of January 2, 2007.
- [F5]The Reporting Person is the sole stockholder of Tomer & Associates, Inc., a corporation that is the general partner of Great River Enterprises, LP#1, a limited partnership that owns the securities reported in this row.
- [F6]Such 600,000 shares are held by the Reporting Person's spouse and by children who share the Reporting Person's household. The Reporting Person disclaims beneficial ownership with respect to all such shares.
Documents
Issuer
YTB International, Inc.
CIK 0000852766
Entity typeother
Related Parties
1- filerCIK 0001312667
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 5:24 PM ET
- Size
- 10.3 KB