NUVIM INC 4

4 · NUVIM INC · Filed Jun 28, 2005

Form 4

Period: 2005-06-24

Director

Transactions

Conversion
Series A Convertible Preferred Stock
2005-06-24$55.00/sh−150,000$8,250,000→ 0 total
Exercise: $55.00→ Common Stock (2,729 underlying)
Conversion
Common Stock
2005-06-24$55.00/sh+2,729$150,095→ 3,184 total
Conversion
Common Stock
2005-06-24$3.00/sh+47,951$143,853→ 51,135 total
Award
Directors Stock Option (right to buy)
2005-06-24+10,000→ 10,000 total
Exercise: $1.00Exp: 2015-06-24→ Common Stock (10,000 underlying)
Conversion
Note Payable
2005-06-24$143851.00/sh−47,951$6,897,799,301→ 0 total
Exercise: $3.00From: 2005-06-24Exp: 2005-06-24→ Common Stock (47,951 underlying)
Award
Directors Stock Option (right to buy)
2005-06-24+7,500→ 7,500 total
Exercise: $1.00From: 2005-06-24Exp: 2015-06-24→ Common Stock (7,500 underlying)

Footnotes (5)

[F1]The Series A Convertible Preferred Stock was exercisable immediately upon issuance. It automatically converted upon the closing of the issuer's initial public offering.
[F2]The Series A Convertible Preferred Stock did not expire but did automatically convert into Common Stock upon the closing of the issuer's initial public offering. Each 55 shares converted into 1 share of Common Stock.
[F3]By agreement between the reporting person and the issuer, the note payable, including accrued interest, converted at the closing of the issuer's initial public offering.
[F4]The reporting person agreed to convert the principal and accrued interest owed on a note payable, totalling $143,851, into common stock at 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). The first two installments will result in 3,333 options becoming exercisable, with the third installment exercisable for 3,334 shares.

Documents

1 file