McDermott James Nicholas 4
4 · TigerLogic CORP · Filed Jan 22, 2013
Insider Transaction Report
Form 4
TigerLogic CORPTIGR
McDermott James Nicholas
SVP, Mobile and Social
Transactions
- Award
Employee Stock Option (Right to Buy)
2013-01-17+429,890→ 429,890 totalExercise: $0.70From: 2013-01-17Exp: 2016-01-09→ Common Stock (429,890 underlying) - Award
Common Stock
2013-01-17+87,796→ 87,796 total
Footnotes (2)
- [F1]The reporting person held a $200,000 note receivable with Storycode Inc. ("Storycode"). In connection with the merger of Storycode into TigerLogic Corporation ("TigerLogic") effective January 17, 2013 (the "Merger"), the note receivable was converted into 87,796 shares of TigerLogic common stock based on the closing price of TigerLogic's common stock of $2.278 per share on the effective date of the Merger.
- [F2]Received in the Merger in exchange for an employee stock option to acquire 1,000,000 shares of Storycode common stock at an exercise price of $0.30 per share.