4//SEC Filing
TRACEGUARD TECHNOLOGIES, INC. 4
Accession 0001179110-07-011713
CIK 0001174890operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 11:49 AM ET
Size
8.1 KB
Accession
0001179110-07-011713
Insider Transaction Report
Form 4
FREDY ORNATH
10% Owner
Transactions
- Disposition to Issuer
Common Stock, par value $.001 per share
2007-05-29$0.35/sh−1,450,000$507,500→ 1,450,000 total
Holdings
- 9,179,990
Common Stock, $.001 par value per share
- 1,080,000(indirect: By M.S. Materials Ltd.)
Options to purchase common stock
Exercise: $0.70→ Common Stock (1,080,000 underlying)
Footnotes (3)
- [F1]On May 29, 2007, the reporting person granted the issuer a seven year stock option to purchase 1,450,000 shares, at an exercise price of $0.35 per share. Subject to certain conditions, the stock option vests and becomes exercisable as follows: 290,000 shares on September 1, 2007; 300,000 shares on April 1, 2008; 135,000 shares on July 1, 2008; and 725,000 shares on April 1, 2009.
- [F2]Exercisable immediately with respect to 480,000 shares. The remaining shares vest and become exercisable as follows: 30,000 shares on the 16th of each month. The stock options expire with respect to each vested portion, 5 years after such portion of the stock option vests. The stock option began vesting on February 16, 2006, with 30,000 shares vesting each month.
- [F3]The reporting person is the sole owner of M.S. Materials, Ltd. The stock option was granted pursuant to a consulting agreement between M.S. Materials LTD. and the issuer's wholly oned subsidiary.
Documents
Issuer
TRACEGUARD TECHNOLOGIES, INC.
CIK 0001174890
Entity typeoperating
Related Parties
1- filerCIK 0001174890
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 11:49 AM ET
- Size
- 8.1 KB