OSMAN RONALD E 4
4 · BIOVEST INTERNATIONAL INC · Filed Jan 19, 2012
Insider Transaction Report
Form 4
BIOVEST INTERNATIONAL INCBVTI.OB
OSMAN RONALD E
Director
Transactions
- Tax Payment
Common Stock
2012-01-17$0.38/sh−98,277$37,345→ 1,183,794 total(indirect: By Trust) - Exercise/Conversion
Common Stock Purchase Warrant
2012-01-17−116,705→ 0 total(indirect: By Trust)Exercise: $0.32From: 2007-01-16Exp: 2012-01-15→ Common Stock (116,705 underlying) - Exercise/Conversion
Common Stock
2012-01-17$0.32/sh+116,705$37,346→ 1,282,071 total(indirect: By Trust)
Footnotes (3)
- [F1]Michelle A. Osman Trustee of the Michelle A. Osman Trust dated March 14, 2009 (the "Trust"), the holder of the Issuer's Common Stock Purchase Warrant dated January 16, 2007 (the "Warrant"), elected to exercise the Warrant on a cashless basis (pursuant the Warrant) by surrendering the right to purchase 98,277 shares of the Issuer's common stock in exchange for the issuance of 18,428 shares of the Issuer's common stock.
- [F2]The Reporting Person is the spouse of the Trustee to the Trust and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]The Warrant's expiration date fell on a Sunday followed by an U.S. holiday; therefore, the transaction occurred on the next business day.