Kiwibox.Com, Inc. 5
5 · Kiwibox.Com, Inc. · Filed Feb 18, 2014
Insider Transaction Report
Form 5
TOMASEK JOSEPH J
Director
Transactions
- Award
Stock Options
2009-03-31+1,200,000→ 5,700,000 totalExercise: $0.05From: 2009-04-01Exp: 2014-04-01→ Common Shares (5,700,000 underlying) - Award
Common Stock
2013-12-31+250,000→ 500,000 total - Award
Stock Warrant
2010-12-03+500,000→ 500,000 totalExercise: $0.03From: 2010-12-03Exp: 2015-12-04→ Common Shares (500,000 underlying)
Footnotes (3)
- [F1]Reporting Person received a stock grant of 250,000 common shares as a year end bonus.
- [F2]Reporting Person earns 100,000 common stock options for each month of legal services rendered to the Issuer. All stock options earned are exercisable at $.05 per share or on a cashless basis, during a 5-year exercise, commencing the date of grant. During calendar year 2009, Reporting Person earned 900,000 of these stock options; during calendar year 2010, 1,200,000; during calendar year 2011, 1,200,000; during calendar year 2012, 1,200,000 of these stock options, and; during calendar year 2013, 1,200,000 of these stock options. The value of the these stock options has been calculated to be $8,910 for the 900,000 stock options earned in 2009 and has not been determined for the 1,200,000, earned each of the calendar years, 2010, 2011, 2012 and 2013.
- [F3]Reporting Person was awarded a common stock purchase warrant to purchase up to 500,000 common shares, exercisable at $.025 per share or on a cashless exercise basis, any time during the 5-year exercise period, commencing upon the grant date of December 3, 2010. The value of the Warrant has not been determined.