HANSEN MICHAEL 4
4 · DubLi, Inc. · Filed Mar 26, 2013
Insider Transaction Report
Form 4
DubLi, Inc.DUBL
HANSEN MICHAEL
President and CEO10% Owner
Transactions
- Award
COMMON STOCK
2013-02-27+25,000,000→ 94,778,537 total - Disposition to Issuer
Stock Option (right to buy)
2013-02-27−15,000,000→ 8,041,767 totalExercise: $0.15From: 2011-12-31Exp: 2021-05-14→ Common Stock (23,041,767 underlying) - Purchase
COMMON STOCK
2013-03-22$0.25/sh+10,000,000$2,500,000→ 104,778,537 total
Footnotes (2)
- [F1]In connection with the Reporting Person's entry into a new employment agreement with DubLi, Inc. (the "Company"), on February 27, 2013, the Company issued 25 million restricted shares of common stock of the Company to the Reporting Person. The Reporting Person's interest in the shares of common stock will vest as to 2.5 million shares on September 30, 2013 and the remaining 22.5 million shares will vest at the rate of 2.5 million shares on March 31 and September 30 of each year, beginning on March 31, 2014, until all shares have vested for so long as his agreement remains in effect.
- [F2]The option vested as to five million shares on each of December 31, 2011 and 2012, and would have vested as to five million shares on each of December 31, 2013, 2014 and 2015. In connection with the Reporting Person's entry into a new employment agreement with the Company, on February 27, 2013, the Reporting Person relinquished his rights to the remaining 15 million unvested shares underlying the option.