VARSITY GROUP INC 4
4 · VARSITY GROUP INC · Filed Jun 20, 2006
Insider Transaction Report
Form 4
Thimmig Mark Frederick
President and CEO
Transactions
- SaleSwap
Restricted Stock
2006-06-19$4.17/sh−1,781$7,427→ 292,956 total
Footnotes (2)
- [F1]300,000 shares of restricted stock issued on February 17, 2006 and vest monthly (6,250 per month) over four years. The original 300,000 restricted shares are considered outstanding and will be reduced each month by 1,781 shares, which reflects shares sold back to Varsity Group by Mr. Thimmig to satisfy tax witholding requirements for the vested amounts.
- [F2]Amount reflects shares sold back to Varsity Group by Mr. Thimmig to satisfy tax witholding requirements.