RURAL CELLULAR CORP 4
4 · RURAL CELLULAR CORP · Filed May 27, 2005
Insider Transaction Report
Form 4
Bolland Anthony James
Director
Transactions
- Other
Stock Option (Right to Buy)
2005-05-25−5,250→ 0 totalExercise: $4.89From: 2006-05-25Exp: 2011-05-25→ Class A Common (5,250 underlying) - Award
Stock Option (Right to Buy)
2005-05-25+5,250→ 5,250 totalExercise: $4.89From: 2006-05-25Exp: 2011-05-25→ Class A Common (5,250 underlying)
Footnotes (3)
- [F1]Grant of option to purchase 5250 shares of Issuer's Class A Common as a member of the Issuer's Board of Directors.
- [F2]Mr. Bolland is the representative of Boston Ventures Limited Partnership V ("BVLPV") to the Issuer's Board of Directors pursuant to the terms of the Class M Redeemable Voting Convertible Preferred Stock Agreement. Since Mr. Bolland's position on the Board is as a nominee of BVLPV, the Issuer's Board of Directors has approved an assignment of the stock option from Mr. Bolland to BVLPV, under the same terms and conditions as originally granted.
- [F3]As a general partner of Boston Ventures Management, Inc. ("BVM"), an affiliate of BVLPV, Mr. Bolland has an indirect ownership in the shares of Issuer's stock held by BVLPV.