CANEUM INC 4
4 · CANEUM INC · Filed Apr 19, 2005
Insider Transaction Report
Form 4
CANEUM INCCANM
MITRO ROBERT F
Director10% Owner
Transactions
- Other
Common stock, par value $.001
2005-04-19$1.55/sh+3,226$5,000→ 423,623 total(indirect: By Trust)
Holdings
- 750,000
Options
Exercise: $0.55Exp: 2008-08-14→ Common stock, par value $.001 (750,000 underlying)
Footnotes (2)
- [F1]Issued pursuant to a consulting agreement with the Issuer.
- [F2]The options vest as follows: (i) one-twelfth (1/12th) for the quarter ended June 30, 2003; (ii) 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 Issuer; (iii) immediately in the event of a Corporate Transaction, as defined in the 2002 Stock Option/Stock Issuance Plan of the Issuer; and, (iv) any unvested options outstanding at December 31, 2006, shall automatically vest at that time. To date 562,500 options are available for exercise.