Carroll Patrick M. 4
4 · ELEPHANT TALK COMMUNICATIONS CORP · Filed Apr 12, 2013
Insider Transaction Report
Form 4
Carroll Patrick M.
CEO of ValidSoft
Transactions
- Award
Option
2012-08-21+20,913→ 20,913 totalExercise: $1.21From: 2012-08-21Exp: 2015-08-21→ Common Stock (20,913 underlying) - Award
Option
2013-04-05+360,000→ 380,913 totalExercise: $0.91From: 2013-04-05Exp: 2016-04-05→ Common Stock (360,000 underlying) - Award
Option
2013-04-05+360,000→ 740,913 totalExercise: $1.91From: 2013-04-05Exp: 2016-04-05→ Common Stock (360,000 underlying) - Award
Option
2013-04-05+360,000→ 1,100,913 totalExercise: $2.91From: 2013-04-05Exp: 2016-04-05→ Common Stock (360,000 underlying)
Footnotes (3)
- [F1]The options were issued to the Reporting Person under the Issuer's 2008 Non-Qualifying Stock and Option Compensation Plan (the "Plan") as bonus options for achieved performance in 2011. Although the grant of these options were approved by the Compensation Committee on August 21, 2012, these options were not issued until April 5, 2013.
- [F2]The grant of these options were approved by the Compensation Committee on February 7, 2013 to be issued on the third trading day after the 10-K filing and accordingly approved by the Board on April 5, 2013. These options were issued to the Reporting Person under the Plan.
- [F3]The grant of these options were approved by the Compensation Committee on February 7, 2013 to be issued on the third trading day after the 10-K filing and accordingly approved by the Board on April 5, 2013. These options were issued to the Reporting Person under the Plan. They shall be cancelled in the event the stockholders of the Company do not approve an increase of shares issuable under the Plan from 23,000,000 to at least 30,000,000 in the 2013 Annual Stockholder Meeting of the Company.