Tassone Joseph 4
4 · SCM MICROSYSTEMS INC · Filed Mar 16, 2010
Insider Transaction Report
Form 4
Tassone Joseph
Ex VP Technology & Product Mgt
Transactions
- Other
Common Stock
2010-03-15$0.89/sh+60,999$54,234→ 114,679 total - Other
Common Stock
2010-03-15$1.84/sh+62,000$114,080→ 220,359 total - Other
Common Stock
2010-03-15$1.72/sh+43,680$74,999→ 158,359 total
Footnotes (3)
- [F1]Reflects distribution of 104,679 shares of common stock of the Issuer by Mountain Partners AG to the Reporting Person. Prior to such distribution, these shares were held by Mountain Partners AG as custodian on behalf of the Reporting Person following the business combination of the Issuer and Bluehill ID AG, a stock corporation incorporated in Switzerland ("Bluehill ID"), in which the Reporting Person received 104,679 shares of common stock of the Issuer in exchange for 201,306 bearer shares in Bluehill ID.
- [F2]Original cost basis of 1 CHF per share, or $0.88913, based on the average exchange rate for the month of November 2007 as reported on Oanda.com
- [F3]Reflects distribution of 62,000 shares of common stock of the Issuer by BH Capital Management AG to the Reporting Person as recognition of his efforts in the business combination transaction between the Issuer and Bluehill ID AG. BH Capital Management, a company controlled by the Issuer's CEO and Chairman, Ayman S. Ashour, and Mountain Partners AG, which is an affiliate of the Reporting Person, was a principal shareholder in Bluehill ID prior to the business combination of Bluehill ID and the Issuer. As a result of the business combination, BH Capital Management is currently a principal stockholder in the Issuer.