4//SEC Filing
Tomer J Scott 4
Accession 0001144204-10-008721
CIK 0000852766other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:26 PM ET
Size
8.7 KB
Accession
0001144204-10-008721
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
Tomer J Scott
DirectorChief Executive OfficerOther
Transactions
- Disposition to Issuer
Class A Common Stock
2010-01-03−355,644→ 2,303,088 total
Holdings
- 6,168,756(indirect: By Life Is Good, LP)
Class A Common Stock
Footnotes (3)
- [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. Because shares of Class B Common Stock automatically convert into 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 Class B Common Stock in calculating and reporting the total number of shares of Class A Common Stock that he holds or that he has acquired or disposed of throughout this Form 4.
- [F2]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.
- [F3]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.
Documents
Issuer
YTB International, Inc.
CIK 0000852766
Entity typeother
Related Parties
1- filerCIK 0001312584
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 5:26 PM ET
- Size
- 8.7 KB