4//SEC Filing
DYNTEK INC 4
Accession 0001179110-06-015865
CIK 0000879465operating
Filed
Jul 30, 8:00 PM ET
Accepted
Jul 31, 6:11 PM ET
Size
11.6 KB
Accession
0001179110-06-015865
Insider Transaction Report
Form 4
DYNTEK INCDYTK
GULLARD JAMES MICHAEL
Director
Transactions
- Award
Common Stock
2006-07-01+117,647→ 187,647 total - Award
Option to Purchase Common Stock
2006-07-01$0.17/sh+1,000,000$170,000→ 1,000,000 totalExercise: $0.17From: 2006-07-01Exp: 2016-07-01→ Common Stock (1,000,000 underlying) - Award
Option to Purchase Common Stock
2006-07-01$0.17/sh+100,000$17,000→ 100,000 totalExercise: $0.17From: 2006-07-01Exp: 2016-07-01→ Common Stock (100,000 underlying) - Award
Common Stock
2006-06-29$0.20/sh+70,000$14,000→ 70,000 total
Footnotes (3)
- [F1](1) Pursuant to a Settlement and Release Agreement (the "Settlement Agreement"), dated as of June 29, 2006, by and between the Issuer and the Reporting Person, the Issuer and the Reporting Person agreed to cancel an aggregate of $14,000.00 of indebtedness owed to the Reporting Person in exchange for shares of the Issuer's Common Stock at a conversion price of $0.20 per share.
- [F2](2) Effective July 1, 2006, the Reporting Person, as a non-employee director of the Issuer, received a stock grant for the number of shares equal to $20,000 divided by the closing price of the Issuer's common stock as reported on the Over the Counter Bulletin Board on June 30, 2006, which was equal to $0.17 per share.
- [F3](3) The right to exercise the option is immediately vested as to one hundred percent (100%) of the shares.
Documents
Issuer
DYNTEK INC
CIK 0000879465
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000879465
Filing Metadata
- Form type
- 4
- Filed
- Jul 30, 8:00 PM ET
- Accepted
- Jul 31, 6:11 PM ET
- Size
- 11.6 KB