ARKONA INC 4
4 · ARKONA INC · Filed Jun 6, 2007
Insider Transaction Report
Form 4
ARKONA INCARKN
RUDD ALAN
DirectorCEO and Chairman of the Board10% Owner
Transactions
- Tax Payment
Common Stock
2007-05-04$1.36/sh−137,729$188,000→ 8,132,460 total - Exercise/Conversion
Warrants
2007-05-04−940,000→ 0 totalExercise: $0.20From: 2003-10-01Exp: 2008-10-01→ Common Stock (940,000 underlying) - Exercise/Conversion
Common Stock
2007-05-04$0.20/sh+940,000$188,000→ 8,270,189 total - Disposition from Tender
Common Stock
2007-05-29$1.38/sh−8,132,460$11,222,795→ 0 total - Disposition to Issuer
Stock Option
2007-06-05$1.38/sh+250,000$345,000→ 0 totalExercise: $0.20Exp: 2013-06-15→ Common Stock (250,000 underlying)
Footnotes (1)
- [F1]This option was canceled as a result of the purchase by DA Acquisition Corp. of a majority of the outstanding shares of voting stock of Arkona, Inc. pursuant to the tender offer by DA Acquisition Corp. in exchange for a cash payment equal to the difference between the exercise price of the option and $1.38 per share.