NUVIM INC 4
4 · NUVIM INC · Filed Jun 28, 2005
Insider Transaction Report
Form 4
NUVIM INCNUVM
HODOCK CALVIN L
Director
Transactions
- Conversion
Series A Convertible Preferred Stock
2005-06-24$1.00/sh−10,000$10,000→ 0 totalExercise: $55.00Exp: 2005-06-24→ Common Stock (182 underlying) - Award
Directors Stock Option (right to buy)
2005-06-24+10,000→ 10,000 totalExercise: $1.00Exp: 2015-06-24→ Common Stock (10,000 underlying) - Conversion
Common Stock
2005-06-24$55.00/sh+182$10,010→ 182 total
Footnotes (4)
- [F1]Options are 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 3,333 options becoming exercisable, with the third installment exercisable for 3,334 shares.
- [F2]The Series A Preferred Stock is convertible into Common Stock at a conversion ratio of 55-to-1.
- [F3]The Series A Preferred Stock was immediately exercisable at the option of the holder and automatically converted upon the closing of the issuer's initial public offering.
- [F4]The Series A Preferred Stock does not expire, but in accordance with its terms, it automatically converted to Common Stock upon the closing of the issuer's initial public offering.