SRYBNIK SIMON 4

4 · VASOMEDICAL INC · Filed Sep 10, 2010

Form 4

Period: 2010-09-08

Director10% Owner

Transactions

Award
2004 Stock Option/Stock Issuance Plan
2007-07-26$0.12/sh+150,000$18,000→ 150,000 total
Exercise: $0.12Exp: 2017-07-25→ Common Stock (150,000 underlying)
Award
Common Stock
2010-03-16+7,824,167→ 17,815,007 total(indirect: By Living Data Technology Corporation)
Award
Common Stock
2010-09-08+100,000→ 598,125 total

Holdings

Common Stock
498,125
Warrant (right to buy)
(indirect: By Kerns Manufacturing Corp.)
Exercise: $0.08From: 2007-06-21Exp: 2012-06-20→ Common Stock (4,285.714 underlying)
4,285.714
Common Stock
(indirect: By Kerns Manufacturing Corp.)
21,428,572

Footnotes (6)

[F1]The reporting person and his brother Louis Srybnik are the sole directors and the Chairman of the Board and the President, respectively, of the record holder of these shares. They also are the sole shareholders of the record holder, each holding 50% of the shares. The reporting person, accordingly, shares with his brother voting and dispositive powers over these shares and, as a result, may be deemed to be the co-beneficial owner thereof.
[F2]The reporting person and his brother Louis Srybnik are the sole directors and officers of the record holder of these shares. They also each own 35% of the outstanding shares of the record holder. The reporting person, accordingly, shares with his brother voting and dispositive powers over these shares and, as a result, may be deemed to be the co-beneficial owner thereof.
[F3]See Note (1) as to why the reporting person may be deemed to be the co-beneficial owner of this warrant.
[F4]Options vest immediately.
[F5]Shares issued pursuant to the terms of an Amendment to Supplier Agreement between Living Data Technology Corporation and Vasomedical, Inc.
[F6]Annual director's fees with immediate vesting.

Documents

1 file