Shea Development Corp. 3
3 · Shea Development Corp. · Filed Jul 30, 2007
Insider Transaction Report
Form 3
Watson Christopher Robert
Chief Sales Marketing Officer
Holdings
- 3,300,000
Common Stock
- (indirect: Warrants issued to an entity controlled by Reporting Person)
Warrants for Common Stock
Exercise: $1.00From: 2007-07-16Exp: 2012-07-16→ Warrants for Common Stock (450,000 underlying) - 5,000,000
Common Stock Award
Footnotes (5)
- [F1]Shares issued in exchange for Reporting Person's shares owned in Bravera, Inc. pursuant to the terms of the merger agreement between the Registrant and Bravera, Inc. The acquisition of Bravera, Inc. by the Registrant was closed on July 16, 2007.
- [F2]Warrants were issued to the Reporting Person pursuant to an asset purchase agreement between the Registrant and an entity controlled by the Reporting Person.
- [F3]Warrants become exercisable one year from the date of the closing of the Registrant's acquisition of Bravera, Inc. and the attainment of revenue and operating profit goals as defined in the merger agreement.
- [F4]Warrants become exercisable two years from the date of the closing of the Registrant's acquisition of Bravera, Inc. and the attainment of revenue and operating profit goals as defined in the merger agreement.
- [F5]Stock award vests pro rata on a monthly basis over three years from the date of issuance.