NUVIM INC 4

4 · NUVIM INC · Filed Jun 28, 2005

Form 4

Period: 2005-06-24

Vice President of Operations

Transactions

Conversion
Series A Convertible Preferred Stock
2005-06-24$1.00/sh−50,000$50,000→ 0 total
Exercise: $55.00Exp: 2005-06-24→ Common Stock (910 underlying)
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$3.00/sh+54,167$162,501→ 117,365 total
Other
Common Stock
2005-06-24$1.00/sh+25,000$25,000→ 142,365 total
Award
Employee Stock Option (right to buy)
2005-06-24+102,500→ 102,500 total
Exercise: $3.00Exp: 2015-06-24→ Common Stock (102,500 underlying)
Conversion
Common Stock
2005-06-24$55.00/sh+910$50,050→ 63,198 total

Footnotes (4)

[F1]Shares of Common Stock were issued in payment of accrued and unpaid salary owed to the reporting person.
[F2]Each 55 shares of Series A Convertible Preferred Stock were convertible into 1 share of Common Stock. Therefore, the preferred stock was convertible into 910 shares of Common Stock.
[F3]The Series A Convertible Preferred Stock was convertible at any time after issuance.
[F4]Options become exercisable in three substantially equal installments beginning one year from the date of grant (i.e., 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

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