HANNI STEVE 4
4 · AMERITYRE CORP · Filed Mar 30, 2009
Insider Transaction Report
Form 4
AMERITYRE CORPAMTY
HANNI STEVE
Director
Transactions
- Award
Common stock
2009-03-27$0.40/sh+13,750$5,500→ 40,422 total
Holdings
- 2,531
Warrants
Exercise: $0.50From: 2009-02-05Exp: 2011-02-04→ Common stock (2,531 underlying)
Footnotes (1)
- [F1]Amerityre's board of directors has determined that annual board compensation for the period December 2008 through November 2009 shall be $12,000, payable as 30,000 shares of restricted common stock valued at $0.40 per share, the closing price per share on December 1, 2008. The board further determined that the annual compensation for the chair of the audit committee shall include an additional 25,000 shares of restricted common stock. The 13,750 shares reported here represent compensation for board service and as chair of the audit committee for the first three months.