Sagar Monika 4
4 · Marine Drive Mobile Corp. · Filed Sep 13, 2011
Insider Transaction Report
Form 4
Sagar Monika
DirectorCFO and Secretary
Transactions
- Other
Common Stock
2011-09-08−27,000,000→ 3,000,000 total - Award
Employee Stock Option (Right to Buy)
2011-09-12+2,000,000→ 2,000,000 totalExercise: $0.25Exp: 2021-09-12→ Common Stock (2,000,000 underlying)
Footnotes (3)
- [F1]Surrender for cancellation and return to treasury.
- [F2]Reflects the 40-for-1 stock split effected on July 19, 2010.
- [F3]The option shall vest with respect to 250,000 shares on the twelve month anniversary of the date of grant, and with respect to an additional 1/7th of the remaining shares subject to the option, when the reporting person completes each additional three-month period of continuous service thereafter, such that all of the shares shall completely vest thirty-three (33) months from the date of grant.