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ESSENTIAL GROUP INC·4

Dec 20, 1:07 PM ET

Banerjee Pradip 4

4 · ESSENTIAL GROUP INC · Filed Dec 20, 2004

Insider Transaction Report

Form 4
Period: 2004-12-16
ESSENTIAL GROUP INCNONE
Banerjee Pradip
Director
Transactions
  • Award

    Consultant Stock Option (Right to Buy)

    2004-12-16$1.25/sh+150,000$187,500→ 150,000 total
    Exercise: $1.25Exp: 2014-12-16→ Class A Common Stock (150,000 underlying)
  • Award

    Director Stock Option (Right to Buy)

    2004-12-16$1.25/sh+25,000$31,250→ 175,000 total
    Exercise: $1.25Exp: 2014-12-16→ Class A Common Stock (25,000 underlying)
Footnotes (2)
  • [F1]The options vest and become exercisable in the event of a firm underwritten public offering of capital stock of Essential Group, Inc. at an aggregate offering price that meets certain agree-upon thresholds.
  • [F2]The options vest in equal installments at the end of each quarter for twelve quarters, with the first quarter beginning on December 16, 2004.

Documents

1 file
  • 4
    rrd62044.xmlPrimary

    FORM 4 - BANERJEE 12/20/2004