ALLEN WOODLEY 4
4 · PRECISION AUTO CARE INC · Filed Nov 14, 2003
Insider Transaction Report
Form 4
ALLEN WOODLEY
Director
Transactions
- Other
Warrant
2003-11-11$0.44/sh+36,380$16,007→ 108,880 totalExercise: $0.44Exp: 2008-06-30→ Common Stock (36,380 underlying)
Holdings
- 70,000
Stock option
Exercise: $0.22From: 2000-08-04Exp: 2005-08-04→ Common stock (50,000 underlying) - 20,000
Stock Option
Exercise: $3.63Exp: 2008-12-31→ Common Stock (10,000 underlying) - 10,000
Stock Option
Exercise: $10.00Exp: 2007-02-19→ Common stock (10,000 underlying) - 38,338
Common Stock
- 72,500
Stock Option
Exp: 2010-04-12→ Common Stock (2,500 underlying)
Footnotes (7)
- [F1]Issued pursuant to agreement between Board LLC and PACI dated June 16, 2003 whereby PACI agreed to issue to Board LLC warrants exercisable at ).44 cents per share. Board LLC assigned a pro rata share of the warrants to each Board LLC member.
- [F2]Warrant may be exercised in part but not for less than 10,000 Units at a time. A"Unit" shall consist initially of one share of Common Stock, but shall be subject to change from time to time.
- [F3]100% of the fair market value of such share of copmmon stock on the date of the grant
- [F4]On or after July 31, 2000 25% vested On or after October 31, 2000 50% vested On or after January 31, 2000 75% vested On or after April 12, 2001 100% vested
- [F5]Issued in consideration of contribution in obtaining loan commitment from Precision Funding L.L.C.
- [F6]33 1/3 exercisable 12/31/1999 66 2/3 exercisable 12/31/2000 100% exercisable 12/31/2001
- [F7]5,000 exercisable 2/19/1997 and 5,000 exercisable 11/6/1997