BAUER THOMAS C 4
4 · PROGINET CORP · Filed Sep 14, 2010
Insider Transaction Report
Form 4
PROGINET CORPPRGF
Transactions
- Exercise/Conversion
Employee Stock Options (right to buy)
2010-09-10−100,000→ 0 totalExercise: $0.66Exp: 2020-02-23→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2010-09-10$0.75/sh+75,000$56,250→ 713,465 total - Exercise/Conversion
Employee Stock Options (right to buy)
2010-09-10−75,000→ 0 totalExercise: $0.75From: 2005-11-22Exp: 2015-11-22→ Common Stock (75,000 underlying) - Exercise/Conversion
Common Stock
2010-09-10$0.66/sh+100,000$66,000→ 813,465 total
Footnotes (1)
- [F1]Option provides for vesting in three equal annual installments commencing on 2/23/11.