JAW FINANCIAL LP 4
4 · SSP SOLUTIONS INC · Filed Oct 23, 2003
Insider Transaction Report
Form 4
WINKLER MARVIN J
DirectorCEO and Co-Chairman10% Owner
Transactions
- Gift
Common Stock, $0.01 par value
2003-10-21−2,369→ 0 total - Tax Payment
Common Stock, $0.01 par value
2003-10-21$0.95/sh−2,631$2,499→ 2,369 total - Award
Common Stock Purchase Warrant (right to buy)
2003-10-21+5,000→ 5,000 totalExercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock, $0.01 par value
2003-10-21$0.50/sh+5,000$2,500→ 5,000 total - Exercise/Conversion
Common Stock Purchase Warrant (right to buy)
2003-10-21−5,000→ 0 totalExercise: $0.50Exp: 2008-03-27→ Common Stock (5,000 underlying)
Footnotes (5)
- [F1]This report is filed jointly by Marvin J. Winkler, JAW Financial, L.P. and JAW Lending, Inc., each of whom is a ten percent owner of the issuer. Mr. Winkler is a director and the Chief Executive Officer and Co-Chairman of the Board of Directors of the issuer and also is an executive officer and a 50% shareholder of JAW Lending, Inc., the general partner of JAW Financial, L.P. Mr. Winkler and his spouse are the limited partners of JAW Financial, L.P. Mr. Winkler's spouse owns the remaining 50% of the outstanding shares of JAW Lending, Inc.
- [F2]These transactions reflect the issuance of shares that became owned directly by Mr. Winkler upon a cashless exercise of the warrant shown in Table II of this statement.
- [F3]These transactions reflect a transfer of shares from Mr. Winkler to JAW Financial, L.P. These shares are owned directly by JAW Financial, L.P. and indirectly by Marvin J. Winkler and JAW Lending, Inc.
- [F4]The warrant was to be immediately exercisable. However, the warrant exercise price was not set until October 21, 2003.
- [F5]The warrant was issued to Marvin J. Winkler on March 28, 2003, with an exercise price to be determined. On October 21, 2003, the exercise price was set on terms identical to those established for other, unaffiliated warrant holders (i.e., at $0.50 in consideration for a waiver of certain penalties and the concurrent exercise of the warrant on a cashless basis).