4//SEC Filing
Tomer J Scott 4
Accession 0001144204-10-031483
CIK 0000852766other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 5:29 PM ET
Size
8.7 KB
Accession
0001144204-10-031483
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
Tomer J Scott
DirectorChief Executive OfficerOther
Transactions
- Gift
Class A Common Stock
2010-04-23−1,220,000→ 4,948,756 total(indirect: By Life Is Good, LP)
Holdings
- 2,303,088
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 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.
- [F3]On April 23, 2010, Life is Good, LP, an entity in which Mr. Tomer and his wife hold a limited partnership interest via a family trust, gifted 1,220,000 shares to Mr. And Mrs. Tomer's four children. Mr. Tomer disclaims beneficial ownership of these shares as a result.
Documents
Issuer
YTB International, Inc.
CIK 0000852766
Entity typeother
Related Parties
1- filerCIK 0001312584
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 5:29 PM ET
- Size
- 8.7 KB