KNAISCH MICHAEL 4

4 · INCENTRA SOLUTIONS, INC. · Filed May 5, 2006

Form 4

Period: 2006-05-04

President-Front Porch Digital

Transactions

Award
Employee Stock Option
2004-03-16$2.20/sh+60,000$132,000→ 135,000 total
Exercise: $2.20From: 2004-08-18Exp: 2014-03-16→ Common Stock (60,000 underlying)
Conversion
Common Stock
2004-04-01$0.42/sh+35,714$15,000→ 35,714 total
Other
Common Stock
2004-06-01$2.20/sh+29,100$64,020→ 64,814 total
Award
Employee Stock Option
2003-01-06$2.80/sh+50,000$140,000→ 75,000 total
Exercise: $2.80From: 2004-08-18Exp: 2013-01-06→ Common Stock (50,000 underlying)
Award
Employee Stock Option
2006-05-04$1.30/sh+65,000$84,500→ 200,000 total
Exercise: $1.30From: 2007-05-04Exp: 2009-05-04→ Common Stock (65,000 underlying)

Footnotes (5)

[F1]Employee Stock Option
[F2]Options are fully vested as of 8/18/2004
[F3]Options vest over 3 years; 1/3 vest on May 4, 2007; 1/3 vest on May 4, 2008; 1/3 vest on May 4, 2009
[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 conversion of my portion of the investment, $15,000 of principal.
[F5]Unregistered common shares issued to employee in satisfaction of $64,020 in accrued bonus as of 12/31/03.

Documents

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