Myman Darin M 4
4 · BigString CORP · Filed Feb 24, 2012
Insider Transaction Report
Form 4
BigString CORPBSGC
Myman Darin M
DirectorPresident and CEO
Transactions
- Award
Stock Option (Right to Buy Common Stock)
2012-02-14+500,000→ 500,000 totalExercise: $0.01From: 2012-02-14Exp: 2022-02-14→ Common Stock, $0.0001 par value (500,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy Common Stock)
2012-02-14−500,000→ 0 totalExercise: $0.21Exp: 2013-04-11→ Common Stock, $0.0001 par value (500,000 underlying) - Award
Stock Option (Right to Buy Common Stock)
2012-02-14+800,000→ 800,000 totalExercise: $0.01Exp: 2022-02-14→ Common Stock, $0.0001 par value (800,000 underlying)
Holdings
- 900,000(indirect: By Children)
Common stock, par value $.0001 per share
- 100,000(indirect: By Spouse)
Common stock, par value $.0001 per share
- 8,000,000
Common stock, par value $.0001 per share
Footnotes (4)
- [F1]Shares held by Mr. Myman's wife. Mr. Myman disclaims any beneficial interest with respect to such shares.
- [F2]Shares held by Mr. Myman as custodian for his children under the Uniform Transfers to Minors Act. Mr. Myman disclaims any beneficial interest with respect to such shares.
- [F3]Stock options were cancelled by BigString Corporation on February 14, 2012 in connection with the issuance to the reporting person of stock options to acquire 500,000 shares of BigString's common stock (equal to the number of stock options cancelled) at an exercise price of $.015 per share. On February 13, 2012, the last trading day before the date of issuance of the new stock options, the closing price of BigString's common stock as reported on the OTC Pink Sheets was $.004 per share. The cancelled stock options were fully vested on the date of cancellation, and the new stock options were fully vested on the date of issuance.
- [F4]Stock options with respect to 200,000 shares vest on each of May 14, 2012; August 14, 2012; November 14, 2012; and February 14, 2013.