Kerper Matthew Stuart 4
4 · WHITELIGHT TECHNOLOGIES INC · Filed Jun 1, 2004
Insider Transaction Report
Form 4
Kerper Matthew Stuart
DirectorPresident10% Owner
Transactions
- Award
Options
2004-05-27+1,000,000→ 1,000,000 totalExp: 2009-05-27→ Common stock, par value $.001 (1,000,000 underlying)
Holdings
- 1,000,000
Common Stock, par value $.001
Footnotes (4)
- [F1]The Issuer has approved a 1:2 reverse stock split that will be effective in approximately 20 days. The shares issued to Mr. Kerper are designated as post-split shares.
- [F2]The exercise prices are as follows: $0.25 per share for the first 250,000 shares; $0.45 per share for the next 250,000 shares; $0.65 per share for the next 250,000 shares; and $0.85 per share for the next 250,000 shares.
- [F3]Mr. Kerper's options vest as follows: (i) 1/12th per quarter for each quarter the Issuer's revenue exceeds the previous quarter of revenue since his date of hire, independent of whether the revenue is generated from acquisition or non-acquisition business activities; (ii) 1/12th for each $250,000 in aggregate gross revenue growth from the day he commences work for the Issuer; (iii) at the three year six month anniversary of his employment with the Issuer; and/or (iv) immediately in the event of a Corporate Transaction, as defined in the Issuer's 2004 Stock Option/Stock Issuance Plan.
- [F4]Options granted for employment with Issuer.