Hastings John L. III 4
4 · REMOTE MDX INC · Filed Feb 4, 2010
Insider Transaction Report
Form 4
REMOTE MDX INCRMDX
Hastings John L. III
President
Transactions
- Award
Options
2009-12-04+1,250,000→ 1,250,000 totalExercise: $0.13From: 2009-12-04Exp: 2013-06-25→ Common Stock (1,250,000 underlying) - Disposition to Issuer
Options
2008-12-01−250,000→ 1,250,000 totalExercise: $1.55From: 2008-06-25Exp: 2013-06-25→ Common Stock (250,000 underlying) - Award
Options
2009-01-16+250,000→ 250,000 totalExercise: $0.30From: 2009-01-16Exp: 2014-01-15→ Common Stock (250,000 underlying) - Disposition to Issuer
Options
2009-12-04−1,250,000→ 0 totalExercise: $1.55Exp: 2013-06-25→ Common Stock (1,250,000 underlying) - Disposition to Issuer
Options
2009-12-04−250,000→ 0 totalExercise: $0.30From: 2009-01-16Exp: 2014-01-15→ Common Stock (250,000 underlying) - Award
Options
2009-12-04+250,000→ 250,000 totalExercise: $0.13From: 2009-12-04Exp: 2014-01-15→ Common Stock (250,000 underlying)
Footnotes (4)
- [F1]On December 1, 2008, Mr. Hastings canceled and rescinded options to purchase 250,000 shares of common stock.
- [F2]On January 16, 2009, the Board of Directors of RemoteMDx, Inc., granted options to Mr. Hastings.
- [F3]Cancellation of option in connection with grant of replacement option.
- [F4]The reported transaction involved the repricing of existing options to purchase 1,500,000 shares of common stock of RemoteMDx, Inc., which were originally granted June 26, 2008, with an exercise price of $1.55, and which provided for vesting based on the accomplishment of certain milestones. Mr. Hastings voluntarily canceled and rescinded 250,000 options in December 2008, and the Board of Directors of RemoteMDx, Inc., granted an additional 250,000 options, with an exercise price of $0.30, to Mr. Hastings in January 2009. On December 4, 2009, in connection with the repricing, all of the options vested immediately.