Amato Gerald 4
4 · SPEEDEMISSIONS INC · Filed Apr 19, 2011
Insider Transaction Report
Form 4
Amato Gerald
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-04-18−100,000→ 0 totalExercise: $0.13From: 2010-06-30Exp: 2018-06-30→ Common Stock (100,000 underlying) - Disposition to Issuer
Common Stock
2011-04-18+100,000→ 300,000 total - Disposition to Issuer
Common Stock Warrant
2011-04-18−70,000→ 0 totalExercise: $1.00From: 2006-10-01Exp: 2011-10-01→ Common Stock (70,000 underlying) - Disposition to Issuer
Common Stock
2011-04-18+70,000→ 370,000 total
Footnotes (3)
- [F1]Common stock units that were awarded, effective April 12, 2011 by the Compensation Committee of the Board of Directors of Speedemissions, Inc. (the "Company") pursuant to a Restricted Stock Agreement (the "Agreement"), the form of which is filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 18, 2011. The common shares are immediately vested and the employee is restricted from selling, transferring, pledging the shares for a period of six months. For additional information regarding the transaction, please see the Form 8-K and the copy of the Agreement filed therewith.
- [F2]On April 18, 2011, the issuer canceled, pursuant to the issuer's option exchange program, options granted to the reporting person on 06/30/2008. In exchange for the options, the reporting person received a total of 100,000 shares of restricted stock on April 18, 2011.
- [F3]The Board also approved the issuance of 70,000 Common Shares to Mr. Amato for consulting and investor relations services provided to the Company. In addition, Mr. Amato voluntary surrendered his 70,000 warrants previously issued which were set to expire in October 2011.