NUTRI SYSTEM INC /DE/ 4
4 · NUTRI SYSTEM INC /DE/ · Filed Oct 6, 2005
Insider Transaction Report
Form 4
NEWSPRING VENTURES LP
10% Owner
Transactions
- Sale
Common Stock
2005-10-04$29.26/sh−5,373$157,230→ 2,659,055 total(indirect: Owned by Michael A. DiPiano) - Sale
Common Stock
2005-10-04$29.26/sh−250,000$7,315,725→ 2,409,055 total - Sale
Common Stock
2005-10-05$31.44/sh−250,000$7,858,950→ 2,159,055 total - Exercise/Conversion
Common Stock
2005-10-05$0.73/sh+5,373$3,922→ 2,414,428 total(indirect: Owned by Michael A. DiPiano) - Exercise/Conversion
Stock Option (right to buy)
2005-10-04−5,373→ 44,627 total(indirect: Owned by Michael A.DiPiano)Exercise: $0.73From: 2003-03-04Exp: 2013-03-04→ Common Stock (5,373 underlying) - Exercise/Conversion
Common Stock
2005-10-04$0.73/sh+5,373$3,922→ 2,664,428 total(indirect: Owned by Michael A. DiPiano) - Sale
Common Stock
2005-10-05$31.44/sh−5,373$168,905→ 2,409,055 total(indirect: Owned by Michael A. DiPiano) - Exercise/Conversion
Stock Option (right to buy)
2005-10-05−5,373→ 39,254 total(indirect: Owned by Michael A. DiPiano)Exercise: $0.73From: 2003-03-04Exp: 2013-03-04→ Common Stock (5,373 underlying)
Footnotes (4)
- [F1]This Stock Option was issued to Mr. Michael A. DiPiano on March 4, 2003 for his services as a director of the issuer. Mr. DiPiano is the managing director of NewSpring Ventures, L.P. Mr. DiPiano has agreed to exercise these options if and when directed by NewSpring Capital, LLC ("NewSpring Capital"), at NewSpring Capital's expense, and to contribute the initial stock grant and any shares acquired upon exercise of these options to NewSpring Capital. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F2]This sale was effected pursuant to a Rule 10b5-1 trading plan of NewSpring Capital which became effective on September 16, 2005.
- [F3]This sale was effected pursuant to a Rule 10b5-1 trading plan of NewSpring Ventures, L.P.which became effective on September 16, 2005.
- [F4]This is an option grant for which there was no purchase price.