MPHASE TECHNOLOGIES INC 5/A
5/A · MPHASE TECHNOLOGIES INC · Filed Sep 18, 2007
Insider Transaction Report
Form 5/AAmended
DURANDO RONALD A
DirectorPresident and CEO10% Owner
Transactions
- Award
Common Stock
2007-05-27+2,000,000→ 52,515,077 total - Award
Call Option
2006-08-24+1→ 22 totalExercise: $0.21From: 2006-08-24Exp: 2011-08-24→ Common Stock (1,400,000 underlying)
Footnotes (3)
- [F1]Securities held by Janifast Ltd, a privately-held company owned by Mr. Durando. Janifast Ltd beneficially owns 18,527,778 shares of the 52,515,077 shares of the common stock attributable to Mr. Durando under the Beneficial Ownership Rules of the Securities Exchange Act of 1934, as amended. On April 17, 2007 Janifast Ltd. received 1,600,000 additional reparation shares of common stock of mPhase Technologies, Inc. to compensate for previous conversions of debt to equity on the same basis as investors in the then current private placement of common stock of mPhase Technologies, Inc. 3 Warrants of the 22 derivative securities beneficially owned by Mr. Durando are indirectly owned by Janifast Ltd.
- [F2]This form includes shares of mPhase Technologies, Inc. beneficially owned by Janifast Ltd. and attributable to Mr. Durando as the primary owner of Janifast Ltd. that were calculated incorrectly on the original Form 5 filing dated August 15, 2007.
- [F3]Performance Compensation approved by the Board of Directors