Kroll Martin 4
4 · Essex Rental Corp. · Filed Dec 27, 2010
Insider Transaction Report
Form 4
Kroll Martin
Chief Financial Officer
Transactions
- Exercise of In-Money
Warrant (right to buy)
2010-12-22−1,736→ 0 totalExercise: $5.00Exp: 2011-03-04→ Common Stock, par value $.0001 per share (1,736 underlying) - Exercise of In-Money
Common Stock, par value $.0001 per share
2010-12-22$5.00/sh+1,736$8,680→ 13,063 total
Footnotes (2)
- [F1]The warrants are exercisable during the period commencing on October 31, 2008 and ending on March 4, 2011, provided that a registration statement with respect to the shares of common stock issuable upon exercise of the warrants is effective under the Securities Act of 1933, as amended.
- [F2]Includes 5,239 shares issued as part of a temporary salary reduction program pursuant to which the Reporting Person elected to reduce his salary paid in cash by 20% and receive a portion of the foregone cash compensation in the form of common shares restricted from sale for a period of two years from the date of grant.