Hattara Jeffrey J 4
4 · VERITEC INC · Filed Aug 3, 2009
Insider Transaction Report
Form 4
VERITEC INCVRTC
Hattara Jeffrey J.
Chief Executive Officer
Transactions
- Purchase
Convertible Promissory Note
2009-07-21→ 75,757 totalExercise: $0.33From: 2009-07-21Exp: 2010-07-21→ Common Stock
Holdings
- 150,000
Stock Options (right to buy)
Exercise: $0.30From: 2009-12-05Exp: 2014-12-05→ Common Stock, $.01 par value (150,000 underlying) - 1,000,000
Common Stock, $.01 par value
Footnotes (2)
- [F1]Includes grant of restricted stock; 500,000 shares vest on each of 6/5/09 and 12/5/09.
- [F2]Reflects a Convertible Promissory Note issued in the amount of $25,000. The Note is convertible into the Issuer's Common Stock, at the election of the Reporting Person, at the rate of 1 share of Common Stock for each $0.33 of indebtedness at the time of election.