Wasik Michael S 4
4 · ROOMLINX INC · Filed Mar 22, 2012
Insider Transaction Report
Form 4
ROOMLINX INCRMLX
Wasik Michael S
DirectorCEO, CFO, and Chairman10% Owner
Transactions
- Award
Common Stock
2011-04-18$1.80/sh+15,000$27,000→ 291,000 total - Award
Common Stock Options
[F1]2010-04-12+3,378→ 213,378 totalExercise: $3.10Exp: 2017-04-12→ Common Stock (3,378 underlying) - Award
Common Stock Options
[F2]2012-03-14+117,500→ 330,878 totalExercise: $4.00Exp: 2019-03-14→ Common Stock (117,500 underlying)
Footnotes (2)
- [F1]Options vest in equal installments over three years on the anniversary of the grant date.
- [F2]Options vest on the anniversary of the grant date ratably over a three (3) year period, subject to the Company installing either Full or Mid iTV in 12,000 Hyatt rooms annually, or if such target is not achieved in a calendar year, such options shall vest in respect of the applicable year in an amount equal to the greater of (i) one-third of the amount of the subject Grant times the ratio of Hyatt rooms actually installed in such year divided by 12,000 but not to exceed 1.0 or (ii) the cumulative number of Hyatt rooms actually installed through the respective performance year divided by 12,000 times the number of performance years in effect minus previously vested options.
Signature
/s/ Michael S. Wasik|2012-03-22