DOHERTY MICHAEL 4
4 · SUNLAND ENTERTAINMENT CO INC · Filed Sep 30, 2003
Insider Transaction Report
Form 4
SUNLAND ENTERTAINMENT CO INCSLDE.OB
DOHERTY MICHAEL
Director
Transactions
- Award
Common Stock Purchase Warrant (right to buy)
2003-09-26+406,714→ 406,714 totalExercise: $0.62Exp: 2008-09-26→ Common Stock (406,714 underlying) - Award
Employee Stock Option (right to buy)
2003-09-26+30,000→ 30,000 totalExercise: $0.62From: 2003-09-26Exp: 2013-09-25→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]The exercise price represents the average price of a share of the Registrant's Common Stock on the Over-The-Counter Bulletin Board over the fifteen (15) consecutive trading days immediately preceding September 26, 2003, the date of grant.
- [F2]The number of derivative securities acquired represents the warrant's grant of the right to acquire 10% of the Registrant's issued and outstanding Common Stock on a fully diluted basis as of September 26, 2003, the date of grant.
- [F3]The warrant vests as follows: 50% of the shares underlying the warrant will vest on May 5, 2004, and the remaining shares underlying the warrant will vest in equal monthly installments on the last day of each month over the following twelve (12) months.