REDENVELOPE INC 4
4 · REDENVELOPE INC · Filed May 24, 2004
Insider Transaction Report
Form 4
REDENVELOPE INCREDE
DUNN MICHAEL E
Director
Transactions
- Exercise of In-Money
Common Stock
2004-05-21$1.52/sh+13,514$20,572→ 13,514 total - Exercise of In-Money
Option (Right to Purchase)
2004-05-21−6,757→ 0 totalExercise: $1.52→ Common Stock (6,757 underlying)
Footnotes (5)
- [F1]The reporting person is a party to an option agreement under which Scott Galloway has agreed to sell to the reporting person 6,757 shares of Common Stock of the Issuer upon exercise of the option by the reporting person. The reporting person filed a Form 3 on September 23, 2003 and a Form 4 on September 30, 2003, each of which incorrectly stated that, under the option agreements, Scott Galloway and R. Ian Chaplin had agreed to sell to the reporting person 12,532 shares of Series A Preferred Stock of the Issuer, or Common Stock of the Issuer upon the closing of the Issuer's initial public offering, upon exercise of the option by the reporting person.
- [F2]Immediately exercisable.
- [F3]The option expires on the earlier to occur of (a) February 28, 2009 and (b) 60 days following the termination of Mr. Dunn's employment with Prophet Brand Strategies.
- [F4]Per SEC instruction, column left blank.
- [F5]The reporting person is a party to an option agreement under which R. Ian Chaplin has agreed to sell to the reporting person 6,757 shares of Common Stock of the Issuer upon exercise of the option by the reporting person. The reporting person filed a Form 3 on September 23, 2003 and a Form 4 on September 30, 2003, each of which incorrectly stated that, under the option agreements, Scott Galloway and R. Ian Chaplin had agreed to sell to the reporting person 12,532 shares of Series A Preferred Stock of the Issuer, or Common Stock of the Issuer upon the closing of the Issuer's initial public offering, upon exercise of the option by the reporting person.