4//SEC Filing
Snap Interactive, Inc 4
Accession 0001213900-14-001334
$IPMCIK 0001355839operating
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 5:53 PM ET
Size
10.8 KB
Accession
0001213900-14-001334
Insider Transaction Report
Form 4
Pedersen Jon D. Sr.
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2014-03-06−480,000→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2014-03-04−700,000→ 0 totalExercise: $0.52Exp: 2023-04-10→ Common Stock (700,000 underlying) - Award
Stock Option (Right to Buy)
2014-03-04+25,000→ 25,000 totalExercise: $0.34Exp: 2020-03-04→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Represents the cancellation of restricted shares of common stock pursuant to a cancellation agreement that were originally awarded to the reporting person on April 10, 2013, pursuant to a restricted stock award agreement.
- [F2]Represents the cancellation of a stock option pursuant to a cancellation agreement that was granted pursuant to a stock option agreement dated April 10, 2013 (the "2013 Option Agreement"). Under this stock option, one-fourth of the shares would have vested and become exercisable on the first, second, third and fourth anniversaries of the date of grant; provided, that upon the effective date of a "change in control" (as defined in the 2013 Option Agreement), 50% of any unvested shares of common stock underlying the option would have vested on the earlier of (i) the original vesting date or (ii) equally on the first and second anniversary of the effective date of the change in control (subject to the terms and conditions of the 2013 Option Agreement). The reporting person received a new option to purchase 25,000 shares of common stock as consideration for the cancellation as disclosed herein.
- [F3]The stock option was granted pursuant to a stock option agreement dated March 4, 2014 (the "2014 Option Agreement"). Under this stock option, the shares will become vested and exercisable on the six-month anniversary of the date of grant; provided, that upon the effective date of a "change in control" (as defined in the 2014 Option Agreement, 50% of any unvested shares of common stock underlying the option will immediately vest and the remaining 50% of the unvested shares will vest on the six-month anniversary of the date of grant (subject to the terms and conditions of the 2014 Option Agreement).
Documents
Issuer
Snap Interactive, Inc
CIK 0001355839
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001355839
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 5:53 PM ET
- Size
- 10.8 KB