Larner Drew 4
4 · MPLC, Inc. · Filed Mar 6, 2007
Insider Transaction Report
Form 4
MPLC, Inc.MPNC
Larner Drew
Director
Transactions
- Award
Options to Purchase Common Stock
2007-02-17+7,500,000→ 7,500,000 totalExp: 2017-02-16→ Common Stock (7,500,000 underlying)
Footnotes (1)
- [F1]Includes 7,500,000 shares of common stock of the Issuer that may be acquired upon exercise of the options. Following the filing and acceptance of an amendment to the Issuer's Certificate of Incorporation effecting a 1-for-300 reverse stock split of the common stock (the "Reverse Split"), the options will be exercisable for 25,000 shares of common stock on a post-Reverse Split basis at an exercise price of $6.00 per share. The right to purchase the underlying shares vests monthly in equal installments over the twelve months following the grant date.