TESTAVERDE DAMON D 4
4 · NETWORK 1 FINANCIAL GROUP, INC. · Filed Jan 26, 2011
Insider Transaction Report
Form 4
TESTAVERDE DAMON D
DirectorSecretary
Transactions
- Award
Common Stock
2011-01-04+6,200,000→ 9,523,653 total(indirect: See: Footnote)
Footnotes (2)
- [F1]Shares were granted to Mr. Testaverde in connection with his becoming Company President.
- [F2]The following indirectly owned shares: 53,452 warrants with an exercise price of approximately $1.00 to purchase of total of 275,278 shares of common stock which expire October 23, 2011. Such warrants are owned by Network 1 Financial Securities, Inc., over which Mr. Testaverde shares control with Mr. William Hunt and Mr. Richard Hunt. Also includes 12,500 shares of common stock owned by Mr. Testaverde's wife, Patricia Testaverde. Also includes 5,000 shares of common stock owned by R. H. Damon, Inc., a corporation over which Mr. Testaverde exercises voting and investment control. Also includes 104,000 warrants with an exercise price of approximately $1.00 to purchase 535,600 shares of common stock which expire on October 23, 2011.