4//SEC Filing
Sorensen J Kim 4
Accession 0001144204-10-034327
CIK 0000852766other
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 2:59 PM ET
Size
9.0 KB
Accession
0001144204-10-034327
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
Sorensen J Kim
DirectorVice ChairmanOther
Transactions
- Gift
Class A Common Stock
2010-06-17−3,000,000→ 5,217,544 total
Holdings
- 33,897(indirect: By Spouse)
Class A Common Stock
Footnotes (5)
- [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 all shares of Class B Common Stock that he holds in calculating and reporting the total number of shares of Class A Common Stock that he holds throughout this Form 4.
- [F2]On June 17, 2010, Mr. Sorensen gifted 3,000,000 shares, consisting of 1,500,000 shares each of Class A Common Stock and Class B Common Stock, to six members of his family. Mr. Sorensen disclaims beneficial ownership of these shares 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.
- [F4]Includes 37,500 shares of Class A Common Stock that are held by the Reporting Person in an IRA account.
- [F5]These shares of Class A Common Stock are held by the Reporting Person's spouse in an IRA account.
Documents
Issuer
YTB International, Inc.
CIK 0000852766
Entity typeother
Related Parties
1- filerCIK 0001312582
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 2:59 PM ET
- Size
- 9.0 KB