MISEMER KENT ALLEN 4
4 · XPLORE TECHNOLOGIES CORP · Filed Nov 9, 2011
Insider Transaction Report
Form 4
MISEMER KENT ALLEN
Director
Transactions
- Award
Series D Preferred Stock
2011-11-08+4,000→ 179,000 total(indirect: See Footnote)Exercise: $0.04From: 2012-03-31→ Common Stock (100,000 underlying) - Award
Stock Option (Right to Buy)
2011-11-08$0.05/sh+500,000$25,000→ 500,000 totalExercise: $0.05Exp: 2016-11-08→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]Stock award of 4,000 shares of Series D Preferred Stock to be issued in lieu of $4,000 of cash for Director services to be provided for the year ending March 31, 2012. The shares will be issued after the vesting period ending March 31, 2012 is completed.
- [F2]Consists of the 4,000 share award to Mr. Misemar and 175,000 shares held by The Kent A. Misemer Revocable Trust (12/24/92), for which Mr. Misemer is a trustee and has the voting and dispositive power with respect to these shares.
- [F3]166,667 options will vest on November 8, 2012, 166,666 options will vest on November 8, 2013 and 166,666 will vest on November 8, 2014.