SpendSmart Payments Co 4
4 · SpendSmart Payments Co · Filed Mar 27, 2014
Insider Transaction Report
Form 4
Proto Joseph
Director
Transactions
- Award
Stock Option (Option to Buy)
2014-03-19+500,000→ 1,235,799 totalExercise: $0.87From: 2014-03-19Exp: 2019-03-19→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]The exercise price of the options equals the closing price of the Company's common stock as of 3/18/14.
- [F2]The Reporting Person acquired an option to purchase 500,000 shares of the Company's common stock. Twenty-five percent of the options vest immediately upon the grant date, with the remaining options vesting twenty-five percent each year thereafter.
- [F3]A portion of the amounts shown, totaling 777,465 shares of common stock, represent the beneficial ownership of the shares of the issuer's common stock underlying the Series C Convertible Preferred Stock and common stock purchase warrants owned by Windham-BMP Investment I, LLC ("Windham") which may be deemed attributable to Mr. Proto because Mr. Proto is a general partner of Windham.