Campbell Craig Lyle 4
4 · ANTS SOFTWARE INC · Filed Jul 9, 2009
Insider Transaction Report
Form 4
Campbell Craig Lyle
Director
Transactions
- Conversion
Convertible Note
2009-07-07+1→ 1,575,000 totalExercise: $1.00From: 2007-01-31Exp: 2011-01-31→ Series A Preferred Stock (1,575,000 underlying) - Award
Series A Preferred Stock
2009-07-07+1,575,000→ 1,575,000 totalExercise: $0.35From: 2009-07-07Exp: 2011-01-31→ Common Stock (4,500,000 underlying)
Holdings
- 187,500
Option
Exercise: $0.94From: 2007-05-11Exp: 2017-05-11→ Common Stock (37,500 underlying) - 187,500
Option
Exercise: $1.18From: 2008-05-15Exp: 2018-05-15→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]The $1,500,000 convertible note was previously convertible into Common Stock at $1.20 per share and was amended such that the note, plus accrued interest, converts into Series A Preferred Stock at $1.00 per share. The note was then immediately converted into the Series A Preferred Stock.
- [F2]These options were fully vested on 5/11/2008.
- [F3]54,210 shares underlying this option are exercisable as of July 7, 2009 with an additional 2.78% vesting each month through 5/15/2011.