Jacobs Steven C 4
4 · SUMMIT FINANCIAL SERVICES GROUP INC · Filed Mar 26, 2012
Insider Transaction Report
Form 4
Jacobs Steven C
DirectorChief Financial Officer
Transactions
- Other
Stock Option (right to buy)
2012-03-22−20,000→ 0 totalExercise: $0.50Exp: 2012-03-22→ Common Stock (20,000 underlying) - Award
Stock Option (right to buy)
2012-03-22+20,000→ 20,000 totalExercise: $0.75From: 2012-03-22Exp: 2019-03-22→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Represents options that were cancelled, in consideration, in part, for the issuance of options, as reported above. The options vested immediately upon issuance, in part, for services rendered by the reporting person as an officer and director of the Issuer. The cancellation and issuance of the options were exempt from section 16(b) pursuant to rule 16b-3.
- [F2]The options were issued in consideration, in part, for the cancellation of the options described in note (1) above.
- [F3]The options are immediately exercisable.