Feirstein Douglas 4

4 · Upstream Worldwide, Inc. · Filed Aug 20, 2010

Form 4

Period: 2010-08-19

DirectorChief Executive Officer10% OwnerOther

Transactions

Award
Stock Options (right to buy)
2010-08-19+555,556→ 555,556 total
Exercise: $0.04→ Common Stock (555,556 underlying)
Purchase
Series B Convertible Preferred Stock
2010-08-19+100,000→ 100,000 total(indirect: By LLLP)
Exercise: $0.02→ Common Stock (5,000,000 underlying)
Purchase
Common Stock Warrants (right to buy)
2010-08-19+2,500,000→ 2,500,000 total(indirect: By LLLP)
Exercise: $0.06From: 2010-08-19Exp: 2013-08-19→ Common Stock (2,500,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2010-08-19−555,556→ 0 total
Exercise: $0.27→ Common Stock (555,556 underlying)

Footnotes (4)

[F1]The reported securities are included within one Unit purchased by the reporting person for $100,000 per Unit. Each Unit consists of 100,000 shares of Series B Convertible Preferred Stock and 2,500,000 warrants to purchase shares of common stock.
[F2]These securities are convertible into the issuer's common stock at any time after the issuer increases its authorized capital. At such time, each share of the Series B Preferred Stock will be convertible into 50,000 shares of the issuer's common stock. The securities have no expiration date.
[F3]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
[F4]The expiration and the vesting terms remain the same as originally granted.

Documents

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