REAGER KEVIN L 4
4 · GLOBAL AXCESS CORP · Filed Aug 24, 2012
Insider Transaction Report
Form 4
REAGER KEVIN L
DirectorChief Executive Officer
Transactions
- Award
Stock Options
2012-08-23+700,000→ 700,000 totalExercise: $0.29Exp: 2017-08-23→ Common Stock (700,000 underlying)
Holdings
- 0
Common Stock, $0.001 par value
Footnotes (1)
- [F1]The option vests, if at all, ratably between 0-100% for a 30 day sustained market price per share of common stock achievement between $0.50 and $1.20. In effect, 1.4286% of the granted option vests for every $0.01 above $0.50 per share at which the common stock trades at for at least 30 consecutive days. The option would become fully vested upon a change of control or other specified event of corporate reorganization.