Parlontieri Richard A 4
4 · SPEEDEMISSIONS INC · Filed Apr 19, 2011
Insider Transaction Report
Form 4
Parlontieri Richard A
DirectorCEO, President
Transactions
- Disposition to Issuer
Common Stock
2011-04-18+3,369,000→ 4,181,843 total - Disposition to Issuer
Stock Option (Right to Buy)
2011-04-18−2,100,000→ 0 totalExercise: $0.13From: 2010-05-19Exp: 2018-05-19→ Common Stock (2,100,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-04-18−150,000→ 0 totalExercise: $1.00From: 2005-12-21Exp: 2013-12-21→ Common Stock (150,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-04-18−40,000→ 0 totalExercise: $2.50From: 2005-12-19Exp: 2013-12-19→ Common Stock (40,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-04-18−1,075,000→ 0 totalExercise: $0.58From: 2008-10-01Exp: 2016-10-01→ Common Stock (1,075,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-04-18−3,000→ 0 totalExercise: $2.50From: 2005-03-10Exp: 2015-03-10→ Common Stock (3,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2011-04-18−1,000→ 0 totalExercise: $2.50From: 2003-12-19Exp: 2013-12-19→ Common Stock (1,000 underlying)
Footnotes (2)
- [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 05/19/2008, 10/1/2006, 03/10/2005, 12/21/2005 and 12/19/03. In exchange for the options, the reporting person received a total of 3,369,000 shares of restricted stock on April 18, 2011.