SELAWSKI MARK 4
4 · Trist Holdings, Inc. · Filed May 17, 2010
Insider Transaction Report
Form 4
Trist Holdings, Inc.TRHI.OB
SELAWSKI MARK
CFO & Secretary
Transactions
- Other
Option to Purchase Super-Voting Common Stock
2010-05-13+2,197,992→ 2,197,992 total→ Common Stock (109,899,609 underlying) - Other
Super-Voting Common Stock
2010-05-13+44,856→ 44,856 total→ Common Stock (2,242,849 underlying)
Footnotes (2)
- [F1]The Reporting Person obtained the securities pursuant to the closing of transactions contemplated under an Agreement and Plan of Merger dated March 26, 2010. The securities are convertible at a rate of 50 shares of Common Stock for each share of Super-Voting Common Stock, automatically upon the filing and acceptance of an amendment to the Issuer's Certificate of Incorporation effecting a 1-for-200 reverse stock split of the Common Stock.
- [F2]The Reporting Person obtained the option pursuant to the closing of transactions contemplated under an Agreement and Plan of Merger dated March 26, 2010. The shares of Super-Voting Common Stock issuable upon exercise of the option are convertible at a rate of 50 shares of Common Stock for each share of Super-Voting Common Stock, automatically upon the filing and acceptance of an amendment to the Issuer's Certificate of Incorporation effecting a 1-for-200 reverse stock split of the Common Stock. The option vests over 36 months commencing January 7, 2010 and has a term of 7 years.