4//SEC Filing
Barrs Jason Randall 4
Accession 0001144204-12-055665
CIK 0001464766other
Filed
Oct 10, 8:00 PM ET
Accepted
Oct 11, 12:40 PM ET
Size
10.7 KB
Accession
0001144204-12-055665
Insider Transaction Report
Form 4
Barrs Jason Randall
Director
Transactions
- Award
Option
2012-01-13+1,560,000→ 2,810,000 totalExercise: $0.15From: 2011-11-29Exp: 2014-11-29→ Common Stock (1,560,000 underlying)
Holdings
- 96,500,000
Common Stock
- 1,250,000
Option
Exercise: $0.30From: 2012-04-19Exp: 2013-04-19→ Common Stock (625,000 underlying) - 625,000
Option
Exercise: $0.30From: 2011-04-19Exp: 2013-04-19→ Common Stock (625,000 underlying)
Footnotes (2)
- [F1]Jason Randall Barrs has sole voting and dispositive control over the shares owned by 2238646 Ontario Inc., an Ontario corporation. On April 19, 2010, 2238646 Ontario Inc. entered into a Tender and Cancellation Agreement Re Company Private Placements with Loto Inc. (which subsequently changed its name to Mobile Integrated Systems, Inc. and is referred to herein as the "Company"), pursuant to which 2238646 Ontario Inc. agreed to tender one-half of one share for each one share to be sold by the Company in certain private placement, up to 20,000,000 shares (all share numbers referenced herein have been updated to reflect the Company's March 26, 2012 five-for-one stock split). Pursuant to such Tender and Cancellation Agreement Re Company Private Placements, 3,031,480 shares of the Company's common stock held by 2238646 Ontario Inc. were to be cancelled, such that 2238646 Ontario Inc. would have 93,468,520 issued and outstanding shares of the Company's common stock. On November 29, 2011, the Company's Board of Directors determined that it was advisable to reverse the Tender and Cancellation Agreement Re Company Private Placements and not cancel the shares of 2238646 Ontario Inc. This reversion was implemented on December 1, 2011. As a result of this reversion, 2238646 Ontario Inc. will retain all 96,500,000 shares of its coommon stock without giving effect to any cancellations of common stock.
- [F2]Pursuant to an agreement between Mr. Barrs and the Company, certain options Mr. Barrs previously owned were reduced, so that Mr. Barrs holds options to purchase 1,250,000 shares, at an exercise price of $.30 per share (such number of options and exercise price have been revised to reflect the Company's March 26, 2012 five-for-one stock split). Half of such options vested as of April 19, 2011, and the other half vested as of April 19, 2012. These options to purchase 1,250,000 shares shall expire on April 19, 2013. On January 13, 2012, Mr. Barrs was granted options to purchase 1,560,000 shares of the Company's common stock at a purchase price of $.15 per share (such number of options and exercise price have been revised to reflect the Company's March 26, 2012 five-for-one stock split). The options have vested and are exercisable. The right to exercise these options will terminate on November 29, 2014.
Documents
Issuer
Mobile Integrated Systems, Inc.
CIK 0001464766
Entity typeother
Related Parties
1- filerCIK 0001480704
Filing Metadata
- Form type
- 4
- Filed
- Oct 10, 8:00 PM ET
- Accepted
- Oct 11, 12:40 PM ET
- Size
- 10.7 KB