FRONT PORCH DIGITAL INC 4
4 · FRONT PORCH DIGITAL INC · Filed Jun 22, 2004
Insider Transaction Report
Form 4
RICHMAN MATHEW
Senior VP and Treasurer
Transactions
- Conversion
Common Stock
2004-04-01$0.04/sh+357,143$15,000→ 600,143 total - Other
Common Stock
2004-06-11$0.22/sh+233,000$51,260→ 243,000 total - Award
Stock Option
2004-03-16$0.22/sh+425,000$93,500→ 925,000 totalExercise: $0.22From: 2007-01-01Exp: 2014-03-16→ Common Stock (425,000 underlying)
Footnotes (4)
- [F1]Employee Stock Options
- [F2]3-year vesting schedule, 1/3 vesting January 1, 2005, 1/3 vesting January 1, 2006, 1/3 vesting January 1, 2007
- [F3]Unregistered common shares issued to employee in satisfaction of $51,200 in accrued bonus as of 12/31/03
- [F4]Unregistered common shares acquired upon the conversion of FPDI 8% unsecured convertible note aggregately held by Equity Pier, LLC. Upon the conversion of the note by Equity Pier, the resultant shares of common stock were distributed to the individuals who originally contributed the funds used to purchase the note. Shares herein represent the shares issued upon the conversion of my portion of the investment, $15,000 of principal.