MENDELSON MARK 4
4 · FIRST CHESAPEAKE FINANCIAL CORP · Filed Aug 20, 2003
Insider Transaction Report
Form 4
MENDELSON MARK
DirectorChairman/CEO10% Owner
Transactions
- Sale
Common Stock
2003-07-30$0.13/sh−2,851,877$379,870→ 1,000,000 total - Disposition to Issuer
Stock Options (right to buy)
2003-06-27−1,400,000→ 0 totalExercise: $0.60From: 2003-06-27Exp: 2003-07-09→ Common Stock (1,400,000 underlying) - Exercise/Conversion
Common Stock (exercise of stock options)
2003-07-08$0.10/sh+300,000$30,000→ 3,851,877 total - Award
Stock Options (right to buy)
2003-06-27+1,400,000→ 1,400,000 totalExercise: $0.10From: 2003-06-27Exp: 2003-07-09→ Common Stock (1,400,000 underlying) - Exercise/Conversion
Stock Options (exercise)
2003-07-08−300,000→ 1,100,000 totalExercise: $0.10From: 2003-07-08Exp: 2003-07-09→ Common Stock (300,000 underlying)
Footnotes (3)
- [F1]On July 30, 2003, the Reporting Person resigned as Chairman and Chief Executive Officer of the Issuer.
- [F2]Expiration dates of options: (a) 300,00 shares expire 7/9/03; (b) 50,000 shares expire 2/5/04; (c) 200,000 shares expire 11/10/04; (d) 250,000 shares expire 11/29/04; (e) 300,000 shares expire 12/29/05; (f) 225,000 shares expire 12/1/06; and (g) 75,000 shares expire 12/31/07.
- [F3]The options exercise prices are: (a) 300,000 shares at $0.60 per share; (b) 25,000 shares at $2.00 per share; (c) 25,000 shares at $5.00 per share; (d) 200,000 shares at $0.875 per share; (e) 250,000 shares at $0.80 per share; (f) 300,000 shares at $0.55 per share; (g) 225,000 shares at $0.50 per share; and (h) 75,000 shares at $0.25 per share.