NUVIM INC 4

4 · NUVIM INC · Filed Jun 28, 2005

Form 4

Period: 2005-06-24

Vice President of Sales

Transactions

Conversion
Series A Convertible Preferred Stock
2005-06-24$1.00/sh−63,000$63,000→ 0 total
Exercise: $55.00Exp: 2005-06-24→ Common Stock (1,146 underlying)
Conversion
Common Stock
2005-06-24$55.00/sh+1,146$63,030→ 141,838 total
Award
Employee Stock Option (right to buy)
2005-06-24+125,000→ 125,000 total
Exercise: $1.00From: 2005-06-24Exp: 2015-06-24→ Common Stock (125,000 underlying)
Other
Common Stock
2005-06-24$1.00/sh+25,000$25,000→ 140,692 total
Other
Common Stock
2005-06-24$3.00/sh+54,167$162,501→ 115,692 total
Award
Employee Stock Option (right to buy)
2005-06-24+102,500→ 102,500 total
Exercise: $1.00Exp: 2015-06-24→ Common Stock (102,500 underlying)

Footnotes (5)

[F1]Shares of Common Stock were issued to pay accrued salary owed to the reporting person.
[F2]Each 55 shares of Series A Convertible Preferred Stock was convertible into 1 share of Common Stock. Therefore, the preferred stock was convertible into 1,146 shares of Common Stock.
[F3]The Series A Convertible Preferred Stock was convertible immediately upon issuance.
[F4]The Series A Convertible Preferred Stock automatically converted into Common Stock upon the closing of the issuer's initial public offering.
[F5]Options become exercisable in three substantially equal installments beginning one year from the date of grant (June 24, 2006, 2007 and 2008). The first two installments will result in 34,166 options becoming exercisable, with the third installment exercisable for 34,168 shares.

Documents

1 file