4//SEC Filing
Clark Michael K 4
Accession 0001144204-11-016366
CIK 0000919742other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 4:19 PM ET
Size
11.9 KB
Accession
0001144204-11-016366
Insider Transaction Report
Form 4
Sanswire Corp.SNSR
Clark Michael K
Director
Transactions
- Purchase
Common Stock, par value $0.00001 per share
2011-01-31$0.07/sh+1,333,334$100,000→ 11,881,858 total - Award
Common Stock Options
2010-12-27+1,333,334→ 1,333,334 totalExercise: $0.09From: 2010-12-27→ Common (1,333,334 underlying) - Purchase
Common Stock, par value $0.00001 per share
2010-12-27$0.07/sh+3,333,333$250,000→ 10,548,524 total - Purchase
Common Stock Purchase Warrants
2011-01-31+666,667→ 666,667 totalExercise: $0.21From: 2011-01-31→ Common (666,667 underlying)
Holdings
- 60,000(indirect: See Footnote)
Common Stock, par value $0.00001 per share
Footnotes (2)
- [F1]On January 31, 2011, Mr. Clark purchased 1,333,334 shares of Common Stock at $.075 and received Common Stock Purchase Warrants (the "Warrants") to purchase 666,667 shares of Common Stock, at a purchase price of $0.21 per share, which Warrants expire in three years. The Warrants are exercisable on a cashless basis.
- [F2]On December 27, 2010, Mr. Clark received an option (the "Clark Option") to purchase 1,333,334 shares of Common Stock at an exercise price of $0.09 per share, which was the closing price of the Company's Common Stock on the date the Company's Board of Directors approved the issuance of the Clark Option, pursuant to an Option Agreement. The Clark Option is fully vested and is exercisable until the earlier of three years from the effective date of the Clark Option or 90 days after the termination of Mr. Clark's membership on the Company's Board of Directors.
Documents
Issuer
Sanswire Corp.
CIK 0000919742
Entity typeother
Related Parties
1- filerCIK 0001501706
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 4:19 PM ET
- Size
- 11.9 KB