O DONNELL DANIEL M 4
4 · Banks.com, Inc. · Filed Jan 8, 2009
Insider Transaction Report
Form 4
O DONNELL DANIEL M
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Series C Preferred Stock
2009-01-06$0.10/sh+600,000$60,000→ 600,000 total(indirect: By Spouse)Exercise: $0.30→ Common Stock (200,000 underlying) - Purchase
Series C Preferred Stock
2009-01-06$0.10/sh+900,000$90,000→ 900,000 totalExercise: $0.30→ Common Stock (300,000 underlying) - Purchase
Series C Preferred Stock
2009-01-06$0.10/sh+1,500,000$150,000→ 1,500,000 total(indirect: By Trust)Exercise: $0.30→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]The Series C Preferred Stock is convertible into common stock of Banks.com, Inc. at any time on a three-for-one basis, at a price per share equal to three times the original purchase price per share, and has no expiration date.
- [F2]Shares are held by the Daniel Michael O'Donnell and Kimberly Linn O'Donnell AB Living Trust.