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4//SEC Filing

ROLLINS HARLEY L III 4

Accession 0001181431-09-033726

CIK 0001352819other

Filed

Jul 1, 8:00 PM ET

Accepted

Jul 2, 3:13 PM ET

Size

11.9 KB

Accession

0001181431-09-033726

Insider Transaction Report

Form 4
Period: 2009-06-04
ROLLINS HARLEY L III
SECRETARY AND CFO
Transactions
  • Other

    Option to Purchase Common Stock

    2007-12-03$0.45/sh+170,000$76,500170,000 total
    Exercise: $0.45From: 2008-12-03Exp: 2017-12-03Common Stock (170,000 underlying)
  • Award

    Option to Purchase Common Stock

    2009-06-04$0.45/sh+415,000$186,750415,000 total
    Exercise: $0.45From: 2010-06-04Exp: 2019-06-04Common Stock (415,000 underlying)
  • Other

    Option to Purchase Common Stock

    2008-09-02$0.45/sh+415,000$186,750415,000 total
    Exercise: $0.45From: 2009-09-02Exp: 2018-09-02Common Stock (415,000 underlying)
Holdings
  • COMMON STOCK

    133,202
Footnotes (4)
  • [F1]The options vest over a period of four years and nine months, 50% (85,000 shares) on September 1, 2008, and then 1/48th of the remaining grant (1,771 shares) on the 1st day of each month thereafter.
  • [F2]The options vest over a period of four years, 25% (103,750) on September 2, 2009, and then 1/36th of the remaining grant (8,646) on the first day of each month thereafter.
  • [F3]These Options were granted pursuant to a Non-Qualified Stock Option Agreement under the Issuer's 2008 Executive Incentive Plan; the options vest over a period of four years, 25% (103,750 shares) on June 4, 2010, and then 1/36 of the remaining grant (8,646 shares) on the first day of each month thereafter.
  • [F4]On June 4, 2009, amendments to the Issuer's 2008 Executvie Inventive Plan and 2007 Stock Option and Incentive Plan were approved to permit the repricing of the stock options granted thereunder. Eligible stock options held by the reporting person, as previously reported to the SEC, have been repriced such that the exercise price of each option is the mean average of the high and low trading price of the Issuer's common stock on the OTC Bulletin Board on June 4, 2009, or $.45 per share.

Issuer

ELANDIA INTERNATIONAL INC.

CIK 0001352819

Entity typeother

Related Parties

1
  • filerCIK 0001375373

Filing Metadata

Form type
4
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 3:13 PM ET
Size
11.9 KB