BENSON JACK M 4
4 · VARSITY GROUP INC · Filed Jun 5, 2006
Insider Transaction Report
Form 4
BENSON JACK M
Chief Financial Officer
Transactions
- Exercise of In-Money
Exercise of options
2006-06-01$1.06/sh−7,000$7,420→ 18,000 totalExercise: $1.06→ Warrants (7,000 underlying) - Sale
Common Stock
2006-06-01$4.25/sh−200,000$850,000→ 3,623 total - Exercise of In-Money
Exercise of options
2006-06-01$1.06/sh−193,000$204,580→ 0 totalExercise: $1.06→ Exercise of stock options (193,000 underlying)
Footnotes (4)
- [F1]Exercise of stock options
- [F2]There are no stock options with a strike price of $1.06 remaining after this exercise
- [F3]Warrants held by Birdwood Capital, LLC, but beneficially owned my Mr. Benson
- [F4]Excludes 423,000 unexercised stock options