Santo Steve 4
4 · Avantair, Inc · Filed Jul 1, 2011
Insider Transaction Report
Form 4
Avantair, IncAAIR.OB
Santo Steve
DirectorChief Executive Officer10% Owner
Transactions
- Tax Payment
Common Stock
2011-07-01$1.88/sh−550$1,034→ 74,608 total
Holdings
- 1,606,650(indirect: By LLC)
Common Stock
Footnotes (2)
- [F1]The reporting person is a member of Camelot 27, LLC. The reporting person specifically disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]The 550 shares were redeemed by the Issuer from the Reporting Person to satisfy tax withholding obligations in connection with the share vesting on July 1, 2011. The shares were redeemed in relation to the 25,000 shares of Restricted Stock granted on October 1, 2009 pursuant to the Company's Long-Term Incentive Plan. One-third of the shares vested on October 1, 2010, and one-twelfth of the shares vest every three months thereafter.