DIPIANO MICHAEL A 4

Accession 0001192482-06-000033

CIK 0001096376other

View on SEC.gov Company Profile

Filed

Jan 30, 7:00 PM ET

Accepted

Jan 31, 4:41 PM ET

Size

31.9 KB

Accession

0001192482-06-000033

Insider Transaction Report

Form 4

Period: 2006-01-27

NUTRI SYSTEM INC /DE/NTRI

DIPIANO MICHAEL A

Director10% Owner

Transactions

Exercise/Conversion
Common Stock
2006-01-27$0.73/sh+2,866$2,092→ 1,410,476 total
Sale
Common Stock
2006-01-27$47.50/sh−33,350$1,584,252→ 1,240,927 total(indirect: Mr. DiPiano is a principal of the beneficial owner of the subject securities)
Sale
Common Stock
2006-01-27$47.50/sh−717$34,060→ 1,407,610 total
Sale
Common Stock
2006-01-31$48.52/sh−133,334$6,468,899→ 1,007,610 total(indirect: Mr. DiPiano is a principal of the beneficial owner of the subject securities)
Exercise/Conversion
Stock Option (right to buy)
2006-01-27−2,866→ 20,223 total
Exercise: $0.73From: 2003-03-04Exp: 2013-03-04→ Common Stock (2,866 underlying)
Sale
Common Stock
2006-01-27$46.50/sh−133,333$6,200,038→ 1,274,277 total(indirect: Mr. DiPiano is a principal of the beneficial owner of the subject securities)
Sale
Common Stock
2006-01-31$48.52/sh−2,866$139,048→ 1,140,944 total
Exercise/Conversion
Stock Option (right to buy)
2006-01-27−717→ 19,506 total
Exercise: $0.73From: 2003-03-04Exp: 2013-03-04→ Common Stock (717 underlying)
Exercise/Conversion
Common Stock
2006-01-27$0.73/sh+717$523→ 1,408,327 total
Exercise/Conversion
Common Stock
2006-01-30$0.73/sh+2,149$1,569→ 1,243,076 total
Exercise/Conversion
Stock Option (right to buy)
2006-01-30−2,149→ 17,357 total
Exercise: $0.73From: 2003-03-04Exp: 2013-03-04→ Common Stock (2,149 underlying)
Sale
Common Stock
2006-01-27$46.50/sh−2,866$133,270→ 1,407,610 total
Sale
Common Stock
2006-01-30$47.54/sh−2,149$102,165→ 1,240,927 total
Sale
Common Stock
2006-01-30$47.54/sh−99,983$4,753,242→ 1,140,944 total(indirect: Mr. DiPiano is a principal of the beneficial owner of the subject securities)
Exercise/Conversion
Common Stock
2006-01-31$0.73/sh+2,866$2,092→ 1,143,810 total
Exercise/Conversion
Stock Option (right to buy)
2006-01-31−2,866→ 14,491 total
Exercise: $0.73From: 2003-03-04Exp: 2013-03-04→ Common Stock (2,866 underlying)

Footnotes (5)

[F1]These shares represent a portion of the shares granted 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. ("NewSpring"). Mr. DiPiano has agreed to exercise these options if and when directed by NewSpring Capital, LLC, the Management Company for NewSpring ("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. Mr. DiPiano 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 which became effective on September 16, 2005.
[F4]Mr. DiPiano is the CEO of Progress Capital II, Inc., the general partner of the general partner of NewSpring and the CEO of NewSpring Capital; therefore, he may be deemed to beneficially own these securities. Mr. DiPiano disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
[F5]This is an option grant for which there was no purchase price.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

NUTRI SYSTEM INC /DE/

CIK 0001096376

→

Entity typeother

Related Parties

filerCIK 0001243760

Filing Metadata

Form type: 4
Filed: Jan 30, 7:00 PM ET
Accepted: Jan 31, 4:41 PM ET
Size: 31.9 KB

View on SEC.gov