Trycera Financial, Inc. 4
4 · Trycera Financial, Inc. · Filed Dec 20, 2004
Insider Transaction Report
Form 4
Kenyon Bryan
Other
Transactions
- Purchase
Common stock, par value $.001
2004-11-15$0.75/sh+80$60→ 500,080 total
Holdings
- 750,000
Options
Exp: 2009-05-27→ Common stock, par value $.001 (750,000 underlying) - 90,000(indirect: By Trust)
Common stock, par value $.001
Footnotes (2)
- [F1]The exercise prices are as follows: $0.25 for the first 187,500 options; $0.45 for the second 187,500 options; $0.65 for third 187,500 options; and $0.85 for the final 187,500 options.
- [F2]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 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 commenced work for the Issuer; (iii) at the three year six month anniversary of employment with the Issuer; and (iv) immediately in the event of a Corporate Transaction, as defined in the Issuer's 2004 Stock Option/Stock Issuance Plan. To date, 125,000 options are available for exercise.