4//SEC Filing
PIZARRO PEDRO R 4
Accession 0001181431-09-020375
CIK 0001352819other
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 4:19 PM ET
Size
14.1 KB
Accession
0001181431-09-020375
Insider Transaction Report
Form 4
ELANDIA INTERNATIONAL INC.ELAN.OB
PIZARRO PEDRO R
DirectorChairman, CEO and President
Transactions
- Purchase
Common Stock
2009-04-16$0.50/sh+5,000$2,500→ 5,000 total(indirect: By: Pizarro Investment Holdings, LP) - Purchase
Common Stock
2009-04-17$0.50/sh+1,000$500→ 6,000 total(indirect: By: Pizarro Investment Holdings, LP)
Holdings
- 750,000(indirect: By Trust)
Common Stock
- 3,122,000
Option to Purchase Common Stock
Exercise: $3.07From: 2008-03-10Exp: 2018-02-15→ Common Stock (3,122,000 underlying) - 12,364,377(indirect: By Trust)
Common Stock
- 18,000
Common Stock
- 78,000
Option to Purchase common Stock
Exercise: $3.07From: 2008-08-21Exp: 2018-07-21→ Common Stock (78,000 underlying) - 4,118,263(indirect: By Trust)
Series B Convertible Preferred Stock
Footnotes (4)
- [F1]Pursuant to a Voting Trust Agreement between Mr. Pizarro, as Trustee, Stanford International Bank Ltd. ("SIBL") and the Issuer, dated February 6, 2009, (the "Voting Trust") SIBL agreed to deposit with "Pete R. Pizarro, Trustee, or his successor in trust" under the Voting Trust an aggregate of 12,364,377 shares of the Issuer's common stock, par value $.00001 per share, and Mr. Pizarro, as Trustee, has the full power and authority to vote the deposited shares in his judgment as may be in the best interest of the Issuer, subject only to certain restrictions set forth in the Voting Trust Agreement.
- [F2]Pursuant to a Voting Trust Agreement between Mr. Pizarro, as Trustee, SIBL and the Issuer, dated February 6, 2009, SIBL agreed to deposit with "Pete R. Pizarro, Trustee, or his successor in trust" under the Voting Trust an aggregate of 4,118,263 shares of the Issuer's Series B $6.75 Convertible Preferred Stock, and Mr. Pizarro, as Trustee, has the full power and authority to vote the deposited shares in his judgment as may be in the best interest of the Issuer, subject only to certain restrictions set forth in the Voting Trust Agreement. Every eight shares of the Series B Convertible Preferred Stock is initially convertible into seven shares of the Issuer's common stock.
- [F3]So long as the reporting person is continuously employed by the Issuer, the Options vest in 48 equal monthly installments of 65,042 each, commencing March 10, 2008.
- [F4]So long as the reporting person is continuously employed by the Issuer, the Options vest in 48 equal monthly installments of 1,625 each, commencing August 21, 2008.
Documents
Issuer
ELANDIA INTERNATIONAL INC.
CIK 0001352819
Entity typeother
Related Parties
1- filerCIK 0001428078
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 4:19 PM ET
- Size
- 14.1 KB