HARTVILLE GROUP INC 4
4 · HARTVILLE GROUP INC · Filed Feb 7, 2007
Insider Transaction Report
Form 4
AMSALEM MICHEL A
Director
Transactions
- Other
Nonqualified Option (right to buy)
2007-02-02−89,000→ 0 totalExercise: $0.33From: 2006-02-15Exp: 2016-02-15→ Common Shares (89,000 underlying) - Other
Nonqualified Option (right to buy)
2007-02-02−238,000→ 0 totalExercise: $0.11From: 2006-09-11Exp: 2016-09-11→ Common Shares (238,000 underlying)
Footnotes (1)
- [F1]Mr. Amsalem received no value in connection with his voluntary cancellation of these securities options. Pursuant to Rule 16b-6(d), this transaction is exempt from Section 16(b)of the Securities Exchange Act of 1934 and therefore under Rule 16a-4(d) is exempt from the reporting requirements of Section 16(b)of the Act. However, in order to clarify Mr. Amsalem's ownership of the Company's stock, this Form 4 is being filed on a voluntary basis. After the cancellation of these securities options, Mr. Amsalem has no direct ownership in the Company's stock, but is the beneficial owner of the securities owned by Midsummer Investment Ltd.