Remark Media, Inc. 4
4 · Remark Media, Inc. · Filed Mar 12, 2013
Insider Transaction Report
Form 4
BOTTS THEODORE P
Director
Transactions
- Award
Common Stock
2013-03-06+36,000→ 41,327 total - Award
Directors Nonqualified Stock Option (Right to Buy)
2013-03-06+2,857→ 2,857 totalExercise: $1.25From: 2013-03-06Exp: 2017-10-02→ Common Stock (2,857 underlying) - Disposition to Issuer
Directors Nonqualified Stock Option (Right to Buy)
2013-03-06−1,250→ 0 totalExercise: $90.20From: 2007-10-02Exp: 2017-10-02→ Common Stock (1,250 underlying) - Disposition to Issuer
Directors Nonqualified Stock Option (Right to Buy)
2013-03-06−3,750→ 0 totalExercise: $64.00From: 2007-10-02Exp: 2017-10-02→ Common Stock (3,750 underlying) - Disposition to Issuer
Directors Nonqualified Stock Option (Right to Buy)
2013-03-06−5,000→ 0 totalExercise: $98.90From: 2007-10-02Exp: 2017-10-02→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]Represents a restricted stock award in the amount of: (i) 28,000 shares that vest in four equal amounts at the end of each calendar quarter of 2013, provided director attends at least 75% of Board meetings for such quarter, or if less, on a pro rated basis; (ii) 2,000 shares that vest in four equal amounts at the end of each calendar quarter of 2013, provided director attends at least 75% of Nominating & Governance Committee meetings for such quarter, or if less, on a pro rated basis; and (iii) 6,000 shares that vest in four equal amounts at the end of each calendar quarter of 2013, provided director attends at least 75% of Audit Committee meetings for such quarter, or if less, on a pro rated basis.
- [F2]The reporting person agreed to cancellation of existing options granted to him on October 2, 2007, in exchange for new options granted to him on March 6, 2013, representing a reduced number of optioned shares and a reduced exercise price.