SPIRN JEFFREY 4
4 · ANTS SOFTWARE INC · Filed Feb 28, 2005
Insider Transaction Report
Form 4
SPIRN JEFFREY
Vice President R&D
Transactions
- Exercise/Conversion
Warrant to purchase common stock
2005-02-25−1→ 210,000 totalExercise: $1.40From: 2004-03-16Exp: 2006-03-31→ Common Stock (40,000 underlying) - Purchase
Common Stock
2005-02-25$1.40/sh+40,000$56,000→ 80,000 total
Footnotes (2)
- [F1]On 2/25/2005 Mr. Spirn exercised a warrant to purchase 40,000 shares of ANTs software inc. common stock. Such warrant was granted to Mr. Spirn when he purchased 40,000 units in a private offering conducted by the company during 2003 and 2004.
- [F2]Item 9 includes a warrant dated 5/23/2000 for 50,000 shares, exercise price $5.50, fully vested, an option grant dated 12/12/2000 for 10,000 shares, exercise price $3.00, fully vested; an option grant dated 2/21/2001 for 40,000 shares, exercise price $2.9062, fully vested; an option grant dated 10/03/2001 for 10,000 shares, exercise price $2.00, fully vested; an option grant dated 11/28/2001 for 10,000 shares, exercise price $2.00, fully vested; an option grant dated 4/10/2002 for 50,000 shares, exercise price $1.90, subject to vesting schedule: 2.78% of shares vest each month such that 100% are vested after three years ;an option grant dated 8/7/2002 for 20,000 shares, exercise price $.52, fully vested; an option grant dated 1/30/2004 for 20,000 shares, exercise price $.81, fully vested.