NEWSPRING VENTURES LP 4
4 · NUTRI SYSTEM INC /DE/ · Filed Feb 15, 2005
Insider Transaction Report
Form 4
NEWSPRING VENTURES LP
10% Owner
Transactions
- Other
Common Stock
2005-02-11−7,000→ 0 total(indirect: By Michael A. DiPiano) - Award
Common Stock
2005-02-11+7,000→ 7,000 total(indirect: By Michael A. DiPiano)
Footnotes (2)
- [F1]Shares granted as compensation to Mr. DiPiano as a Director. The closing price per share on the date of grant was $5.40.
- [F2]Mr. DiPiano is the managing director of NewSpring Ventures, L.P. and the President of Progress Capital II, Inc., the general partner of the general partner of NewSpring Ventures, L.P. In accordance with the NewSpring Ventures, L.P. partnership agreement, Mr. DiPiano is required to assign any shares acquired by virtue of his position as a director of Nutri System, Inc. to NewSpring Ventures, L.P. for no consideration other than indemnification by NewSpring Ventures, L.P. for any taxes and out-of-pocket costs incurred by Mr. DiPiano as a result of the grant of shares to Mr. DiPiano and the assignment of such shares to NewSpring Ventures, L.P.