CANEUM INC 4
4 · CANEUM INC · Filed Nov 7, 2003
Insider Transaction Report
Form 4
CANEUM INCNone
MUDAN SUKHBIR SINGH
DirectorPresident10% Owner
Transactions
- Purchase
Common stock, par value $.001
2003-10-09$0.75/sh+1,032$774→ 251,032 total
Holdings
- 1,000,000
Options
Exercise: $0.55Exp: 2008-08-14→ Common stock, par value $.001 (1,000,000 underlying)
Footnotes (1)
- [F1]The options vest as follows: (i) one-twelfth (1/12th) as a result of the gross revenue for the quarter ended June 30, 2003, exceeding the gross revenue generated during the quarter ended March 31, 2003; (ii) beginning with the operating quarter ending September 30, 2003, one-twelfth (1/12th) each operating quarter in which the gross revenue for such quarter exceeds the gross revenue of the prior quarter, and/or one-twelfth (1/12th) for each $250,000 in gross revenue generated cumulatively in the aggregate since inception of the company; and (iii) immediately in the event of a Corporate Transaction, as defined in the 2002 Stock Option/Stock Issuance Plan.