I-LEVEL MEDIA GROUP INC 4
4 · I-LEVEL MEDIA GROUP INC · Filed Sep 19, 2007
Insider Transaction Report
Form 4
Brock Paul Douglas
Director
Transactions
- Other
Option
2007-08-31+200,000→ 200,000 totalExercise: $0.32From: 2007-08-31Exp: 2013-08-31→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]Explanation of Responses: (1) As of August 31, 2007 (the "Effective Date") the Issuer granted the Reporting Person a vesting stock option to purchase up to 200,000 shares of the Issuer's common stock at an exercise price of $0.32 per share, vesting as follows: (a) as to an initial 50,000 shares six months from the Effective Date; (b) as to a further 50,000 shares 12 months from the Effective Date; (c) as to a further 50,000 shares 18 months from the Effective Date; and (d) as to the final 50,000 shares 24 months from the Effective Date.