GOLDLEAF FINANCIAL SOLUTIONS INC. 4
4 · GOLDLEAF FINANCIAL SOLUTIONS INC. · Filed Jun 1, 2007
Insider Transaction Report
Form 4
Shiver Todd
Executive Vice President
Transactions
- Award
Common Stock
2007-04-05+11,757→ 19,105 total
Footnotes (2)
- [F1]On April 5, 2007, the reporting person became entitled to receive 11,757 shares of GFSI Common Stock pursuant to an "earn-out" provision in the merger agreement between GFSI and Captiva Solutions, LLC dated October 20, 2005. The number of shares issuable pursuant to the earn-out right was determined according to a formula in the merger agreement which provided that, for determining the number of shares issuable, GFSI stock would be valued at $3.57.
- [F2]This share amount reports the amount of securities beneficially owned on a post 1:5 reverse split basis.