I MANY INC 4
4 · I MANY INC · Filed Jan 4, 2008
Insider Transaction Report
Form 4
I MANY INCIMNY
MITCHELL MARK R
Director
Transactions
- Award
Restricted Common Stock
2008-01-02$0.00/sh+3,871$0→ 11,143 total
Holdings
- 58,572
Common Stock (unrestricted)
Footnotes (2)
- [F1]These shares of restricted stock may be repurchased by the Company for par value if the reporting person's service as a Director terminates before the shares vest. The shares will vest in full on the second business day after the Company announces financial results for the fourth quarter of the year of grant.
- [F2]As a member of a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, the Reporting Person may be deemed to beneficially own 7,534,503 shares of the Issuer's Common Stock owned collectively by the other members of the Section 13(d) group in addition to 1,537,758 shares issuable upon the conversion of Senior Convertible Notes held by the other members of the Section 13(d) group and convertible into Common Stock of the Issuer within 60 days of the date hereof. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's Common Stock beneficially owned by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.