BENSON JACK M 4
4 · VARSITY GROUP INC · Filed Jun 8, 2006
Insider Transaction Report
Form 4
BENSON JACK M
Chief Financial Officer
Transactions
- Sale
Common Stock
2006-06-06$4.30/sh−100,000$430,000→ 3,623 total - Exercise of In-Money
Exercise of options
2006-06-06$1.27/sh−82,000$104,140→ 98,000 totalExercise: $1.27From: 2006-06-06Exp: 2006-06-06→ Exercise of options (82,000 underlying) - Exercise of In-Money
Exercise of warrants
2006-06-06$1.06/sh−18,000$19,080→ 0 totalExercise: $1.06From: 2006-06-06Exp: 2006-06-06→ Warrants (18,000 underlying)
Footnotes (4)
- [F1]Excludes 323,000 unexercised stock options
- [F2]Exercise of stock options
- [F3]Warrants held by Birdwood Capital, LLC, but beneficially owned my Mr. Benson
- [F4]There are no warrants remaining after this exercise