ACTION PRODUCTS INTERNATIONAL INC 4
4 · ACTION PRODUCTS INTERNATIONAL INC · Filed Dec 3, 2007
Insider Transaction Report
Form 4
BURROWS ROBERT
Chief Financial Officer
Transactions
- Purchase
Comon Stock
2007-11-30$1.19/sh+300$357→ 226,100 total - Purchase
Common Stock
2007-11-29$1.07/sh+100$107→ 225,100 total - Purchase
Common Stock
2007-11-29$1.08/sh+300$324→ 225,400 total - Purchase
Common Stock
2007-11-30$1.11/sh+100$111→ 225,600 total - Purchase
Common Stock
2007-11-30$1.20/sh+600$720→ 226,700 total
Holdings
- 225,000
Common Stock
- 3,000
Warrants
Exercise: $3.25From: 2006-01-18Exp: 2010-12-31→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]Shares vest as follows: April 1, 2008 - 31,250, June 1, 2008 - 31,250, September 1, 2008 - 31,250, January 1, 2009 - 31,250, April 1, 2009 - 25,000, June 1, 2009 - 25,000, September 1, 2009 - 25,000 and January 1, 2010 - 25,000. Shares not vested upon termination of grantee's employment, for reason other than termination without cause, shall be forfeited.
- [F2]Exercise price increases to $3.75 per share at February 1, 2008