Zobrist Ray Phillip 4/A
4/A · BROADCAST INTERNATIONAL INC · Filed Mar 25, 2011
Insider Transaction Report
Form 4/AAmended
Zobrist Ray Phillip
Director
Transactions
- Disposition to Issuer
Warrant (right to buy)
2010-12-29$0.67/sh−51,150$34,271→ 0 totalExercise: $1.50From: 2010-08-16Exp: 2013-08-16→ common stock (51,150 underlying) - Disposition to Issuer
Warrant (right to buy)
2010-12-29$0.67/sh−25,000$16,750→ 0 totalExercise: $1.50From: 2010-09-13Exp: 2013-09-12→ common stock (25,000 underlying)
Footnotes (1)
- [F1]These warrants were canceled by mutual agreement of the reporting person and Broadcast International, Inc. As consideration for (i) cancellation of these warrants (which had an exercise price of $1.50 per share) and (ii) the purchase of additional shares of Broadcast International's Common Stock, the reporting person received warrants exercisable for 63,458 shares of common stock at an exercise price of $1.00 per share. The cancellation of these warrants was inadvertently omitted from the original Form 4 filed in connection with this transaction.