NUTRA PHARMA CORP 5
5 · NUTRA PHARMA CORP · Filed May 2, 2006
Insider Transaction Report
Form 5
NUTRA PHARMA CORPNPHC.OB
DOHERTY MICHAEL
DirectorExecutive Chairman
Transactions
- Award
Option
2006-04-01+2,000→ 2,000,000 total(indirect: Footnote 2)Exercise: $0.27From: 2006-03-30Exp: 2010-05-31→ Common Stock (2,000,000 underlying) - Disposition to Issuer
Option
2006-04-01−13,600,000(indirect: Footnote 2)Exercise: $0.27From: 2006-06-01Exp: 2010-05-31→ Common Stock (13,600,000 underlying) - Award
Option
2005-06-01+13,600,000→ 13,600,000 total(indirect: Footnote 2)Exercise: $0.27Exp: 2010-05-31→ Common Stock (13,600,000 underlying)
Footnotes (3)
- [F1]If certain capital raising objectives are met, the Option vests 50% on 06/01/2006, and the balance becomes exercisable in twelve (12) equal monthly installments, in accordance with the terms of the Letter Agreement dated as of 06/01/2005 between Issuer, Reporting Person and Doherty and Company LLC. The Option never vested.
- [F2]Option is owned by Doherty and Company LLC, of which Reporting Person is a control person. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]Option was cancelled by mutual agreement of Issuer, Reporting Person and Doherty and Company LLC. Doherty and Company LLC received the Option referenced in the last line as consideration for the cancellation.