Zdarsky Constantin 4

4 · ANTS SOFTWARE INC · Filed Sep 27, 2011

Form 4

Period: 2011-08-31

10% Owner

Transactions

Purchase
Common Stock
2011-08-03$0.10/sh+1,600,000$160,000→ 11,415,700 total
Award
Option to acquire common stock purchase warrants
2011-08-03+3,400,000→ 3,400,000 total
Exercise: $0.12From: 2011-08-03Exp: 2011-09-30→ Common Stock (3,400,000 underlying)
Award
Common stock purchase warrants
2011-08-03$0.12/sh+1,600,000$192,000→ 1,600,000 total
Exercise: $0.12From: 2011-08-03Exp: 2013-08-03→ Common Stock (1,600,000 underlying)
Award
Option to acquire common stock
2011-08-03$0.10/sh+3,400,000$340,000→ 3,400,000 total
Exercise: $0.10From: 2011-08-03Exp: 2011-09-30→ Common Stock (3,400,000 underlying)

Footnotes (2)

[F1]On August 3, 2011, Mr. Zdarsky purchased 1,600,000 shares of the Company's common stock, and, in connection with such purchase, the Company issued to Mr. Zdarsky common stock purchase warrants that entitle him to purchase 1,600,000 shares of common stock at a price of $0.12 per share at any time prior to August 3, 2013.
[F2]On August 3, 2011, the Company granted Mr. Zdarsky the option to purchase up to 3,400,000 shares of common stock at a price of $0.10 per share. This option expires on September 30, 2011. For each share purchased by Mr. Zdarsky pursuant to the option, the Company will also issue him a common stock purchase warrant that entitles him to purchase one share of common stock for $0.12 per share. If the common stock purchase warrants are issued by the Company, they will expire on September 30, 2013.

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