Connerty Thomas 4
4 · EDIETS COM INC · Filed Feb 27, 2012
Insider Transaction Report
Form 4
EDIETS COM INCDIET
Connerty Thomas
Director
Transactions
- Award
Stock Options (right to buy)
2012-02-23+400,000→ 400,000 totalExercise: $0.52Exp: 2022-02-23→ Common Stock (400,000 underlying)
Holdings
- 80,000
Stock Options (right to buy)
Exercise: $0.44Exp: 2021-04-15→ Common Stock (80,000 underlying)
Footnotes (2)
- [F1]These options are immediately exercisable.
- [F2]Exercisable according to the following vesting schedule: 100,000 are immediately exercisable; 100,000 are exercisable beginning on May 23, 2012; the remaining 200,000 options vest in four tranches of 50,000 options each on the first trading day after the closing price of the Company's common stock has for the previous ten consecutive trading days equaled or exceeded $0.75, $1.00, $1.25 and $1.50, respectively.