MICHALE LOIACONO J 4

4 · GLOBAL AXCESS CORP · Filed Mar 19, 2010

Form 4

Period: 2010-03-18

Chief Financial Officer

Transactions

Exercise/Conversion
Stock Options
2010-03-18−31,250→ 156,250 total
Exercise: $0.32→ Common Stock (31,250 underlying)
Exercise/Conversion
Common Stock, par value $0.001
2010-03-18$0.32/sh+31,250$10,000→ 46,250 total
Tax Payment
Common Stock, par value $0.001
2010-03-18$0.88/sh−11,312$10,000→ 34,938 total

Holdings

Footnotes (2)

[F1]This option for 250,000 shares vests according to the following: 31,250 shares vested on October 2, 2007; 31,250 shares vested on April 2, 2008; 62,500 shares vested on April 2, 2008; 31,250 shares vested on April 2, 2009; 31,250 shares will vest on April 2, 2010 if the executive is employed by the Company as of April 2, 2010; and 62,500 shares would have vested upon the occurrence of a contingency that did not occur, and thus this 62,500 shares did not vest.
[F2]This option for 250,000 shares expires according to the following: the 31,250 shares which vested on October 2, 2007 expire on April 2, 2010; the 31,250 shares which vested on April 2, 2008 expire on April 2, 2011; the 62,500 shares which vested on April 2, 2008 expire on April 2, 2011; the 31,250 shares which vested on April 2, 2009 expire on April 2, 2012; the 31,250 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 62,500 shares which would have vested upon the occurrence of a contingency that did not occur did not vest.

Documents

1 file