IBRAHIM BASSAM H 4
4 · PRECISION AUTO CARE INC · Filed Nov 14, 2003
Insider Transaction Report
Form 4
IBRAHIM BASSAM H
Director
Transactions
- Other
Warrant
2003-11-11$0.44/sh+36,380$16,007→ 68,680 totalExercise: $0.44Exp: 2008-06-30→ Common Stock (36,380 underlying)
Holdings
- 57,026
Common Stock
- 32,500
Stock Option
From: 2000-08-04Exp: 2005-08-04→ Common Stock (2,500 underlying) - 30,000
Stock Option
Exercise: $0.22From: 2000-08-04Exp: 2005-08-04→ Common Stock (20,000 underlying) - 10,000
Stock Option
Exercise: $10.00Exp: 2007-02-19→ Common Stock (10,000 underlying)
Footnotes (5)
- [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/share. Board LLC assigned a pro rata share of the warrants to each of the Board LLC members.
- [F2]Exercisable in parts, 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 adjustment from time to time.
- [F3]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 Option price shall be 100% of the fair market value of such share of common stock on the date of the grant.
- [F4]Issued in consideration for partial contribution in obtaining loan commitment from Precision Funding L.L.C.
- [F5]5,000 exercisable 2/19/1997 and 5,000 exercisable 11/6/1997