Katz Burton 4
4 · MPLC, Inc. · Filed Mar 7, 2007
Insider Transaction Report
Form 4
MPLC, Inc.MPNC
Katz Burton
DirectorChief Executive Officer
Transactions
- Award
Options to Purchase Common Stock
2007-02-16+24,375,000→ 24,375,000 totalExp: 2017-02-15→ Common Stock (24,375,000 underlying)
Footnotes (1)
- [F1]Includes 24,375,000 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 81,250 shares of common stock on a post-Reverse Split basis at an exercise price of $6.00 per share. Thirty three and one-third percent (33.3%) of the shares subject to the option vest on February 16, 2008, and the remaining sixty six and seven-tenths percent (66.7%) of the shares subject to the option vest monthly in equal installments over the next twenty-four (24) months thereafter.