McQuain George 4
4 · GLOBAL AXCESS CORP · Filed Mar 18, 2010
Insider Transaction Report
Form 4
McQuain George
DirectorPres., CEO & Dir.
Transactions
- Exercise/Conversion
Common Stock, $.001 par value
2010-03-16$0.32/sh+62,500$20,000→ 99,500 total - Exercise/Conversion
Stock Options
2010-03-16−62,500→ 312,500 totalExercise: $0.32→ Common Stock (62,500 underlying) - Tax Payment
Common Stock, $.001 par value
2010-03-16$0.89/sh−22,422$20,000→ 77,078 total
Footnotes (2)
- [F1]This option for 500,000 shares vests according to the following: 62,500 shares vested on October 2, 2007; 62,500 shares vested on April 2, 2008; 125,000 shares vested on April 2, 2008; 62,500 shares vested on April 2, 2009; 62,500 shares will vest on April 2, 2010 if the executive is employed by the Company as of April 2, 2010; and 125,000 shares would have vested upon the occurrence of a contingency that did not occur, and thus this 125,000 shares did not vest.
- [F2]This option for 500,000 shares expires according to the following: the 62,500 shares which vested on October 2, 2007 expire on April 2, 2010; the 62,500 shares which vested on April 2, 2008 expire on April 2, 2011; the 125,000 shares which vested on April 2, 2008 expire on April 2, 2011; the 62,500 shares which vested on April 2, 2009 expire on April 2, 2012; the 62,500 shares which will vest on April 2, 2010 if the executive is employed by the Company as of April 2, 2010 expire on April 2, 2013; and the 125,000 shares which would have vested upon the occurrence of a contingency that did not occur did not vest.