SYTSMA JERRY ANDREW 4
4 · GRAND RIVER COMMERCE INC · Filed Nov 17, 2010
Insider Transaction Report
Form 4
SYTSMA JERRY ANDREW
DirectorVICE PRESIDENT, SECRETARY
Transactions
- Other
ORGANIZER WARRANTS
2010-11-17−2,479→ 10,795 totalExercise: $10.00From: 2009-04-30Exp: 2019-04-30→ Common Stock (13,274 underlying)
Footnotes (2)
- [F1]In recognition of the substantial financial risks undertaken by the members of Grand River Commerce, Inc.'s organizing group, Grand River Commerce, Inc. granted warrants to purchase common stock to the organizers, including the warrants reported on the reporting person's Form 3, filed on May 4, 2010, and amended on November 16, 2010. Additionally, in recognition of the substantial financial risks undertaken by certain investors of Grand River Commerce, Inc., Grand River Commerce, Inc. and the organizers agreed to transfer a certain amount of organizer warrants to the investors, including the transfer of warrants described herein.
- [F2]The reporting person did not receive any consideration for the transaction described herein.