MASRY EDWARD L 5

5 · SAVE THE WORLD AIR INC · Filed Apr 26, 2005

Form 5

Period: 2004-12-31

DirectorChief Executive Officer10% Owner

Transactions

Other
Common Stock
2003-06-01+2,000,000→ 3,000,000 total(indirect: By Masry & Vititoe PC)
Award
Employee Stock Option (right to buy)
2004-03-02+50,000→ 5,050,000 total
Exercise: $0.98From: 2005-03-02Exp: 2014-03-02→ Common Stock (50,000 underlying)
Award
Employee Stock Option (right to buy)
2004-03-02+78,740→ 5,328,740 total
Exercise: $1.27From: 2005-03-02Exp: 2014-03-02→ Common Stock (78,740 underlying)
Other
Common Stock
2004-04-02+60,000→ 3,060,000 total
Award
Employee Stock Option (right to buy)
2004-03-02+200,000→ 5,250,000 total
Exercise: $0.98From: 2005-03-02Exp: 2014-03-02→ Common Stock (200,000 underlying)
Other
Warrants to purchase common stock
2003-06-30+2,000,000→ 5,000,000 total(indirect: see footnote)
Exercise: $0.50From: 2003-06-30Exp: 2008-06-30→ Common Stock (2,000,000 underlying)

Holdings

Stock Options (right to buy)
Exercise: $0.10Exp: 2011-11-02→ Common Stock (3,000,000 underlying)
3,000,000
Common Stock
1,000,000

Footnotes (4)

[F1]These 2,000,000 shares of Common Stock are held by Masry & Vititoe, PC, and Mr. Masry disclaims beneficial ownership of such shares except to the extent of his proportional share of that firm. Mr. Masry is a member of Masry & Vititoe, PC and may be deemed a beneficial owner of all such 2,000,000 shares of Common Stock held by the firm because of his status a member thereof. These shares, together with the warrants to purchase Common Stock referred to in Note(5) below, were issued in consideration of the cancellation of $500,000 of indebtedness of the Company to Masry & Vititoe, PC.
[F2]These shares were issued to Joette Masry, the wife of Edward L. Masry in consideration of the cancellation of her $15,000 loan to the Company.
[F3]These warrants are held by Masry & Vititoe, PC, and Mr. Masry disclaims beneficial ownership of such warrants except to the extent of his proportional share of that firm. Mr. Masry is a member of Masry & Vititoe, PC and may be deemed a beneficial owner of all such 2,000,000 shares held by that firm because of his status a member thereof. These warrants, together with the 2,000,000 shares of Common Stock referred to in Note (2) above, were issued in consideration of the cancellation of $500,000 indebtedness of the Company to Masry & Vititoe, PC.
[F4]These options became exercisable in 3 equal annual installments commencing November 2, 2002.

Documents

1 file