GLATZ MARK E 4
4 · FIRST CHESAPEAKE FINANCIAL CORP · Filed Aug 13, 2003
Insider Transaction Report
Form 4
GLATZ MARK E
DirectorDirector/CFO10% Owner
Transactions
- Exercise/Conversion
Stock Options (exercise)
2003-07-08+471,429→ 128,571 totalExercise: $0.10From: 2003-07-08Exp: 2003-07-09→ Common Stock (471,429 underlying) - Disposition to Issuer
Stock Options (right to buy)
2003-06-27+600,000→ 0 totalExercise: $0.80From: 2003-06-27Exp: 2004-11-10→ Common Stock (600,000 underlying) - Sale
Common Stock
2003-07-30$0.44/sh−822,832$359,989→ 546,429 total - Disposition to Issuer
Stock Options (right to buy)
2003-07-30−270,000→ 128,571 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (270,000 underlying) - Award
Stock Options (right to buy)
2003-06-27+600,000→ 600,000 totalExercise: $0.10From: 2003-06-27Exp: 2004-11-10→ Common Stock (600,000 underlying) - Exercise/Conversion
Common Stock (exercise of stock options)
2003-07-08$0.10/sh+471,429$47,143→ 1,369,261 total
Footnotes (4)
- [F1]On July 30, 2003, the Reporting Person resigned as Director and Chief Financial Officer of Issuer.
- [F2]Expiration dates of options: (a) 50,000 shares expire 11/10/04; (b) 250,000 shares expire 12/29/05;(c) 225,000 shares expire 12/1/06; and (d) 75,000 shares expire 12/31/07.
- [F3]The options exercise prices are: (a) 50,000 shares at $0.80 per share; (b) 250,000 shares at $0.55 per share; (c) 225,000 shares at $0.50 per share; and (d) 75,000 shares at $0.25 per share.
- [F4]On July 30,2003, the Reporting Person cancelled 270,000 stock options for $0 consideration.