4//SEC Filing
SALIH ABBAS ABDELSALAM 4
Accession 0001266423-03-000001
CIK 0000053320other
Filed
Oct 16, 8:00 PM ET
Accepted
Oct 17, 3:29 PM ET
Size
10.8 KB
Accession
0001266423-03-000001
Insider Transaction Report
Form 4
SALIH ABBAS ABDELSALAM
Director
Transactions
- Award
options
2003-09-05$0.25/sh+600,000$150,000→ 600,000 totalExercise: $0.25From: 2003-09-05Exp: 2008-09-05→ common shares (600,000 underlying) - Sale
common shares
2003-03-28$0.10/sh−350,000$35,000→ 7,003,310 total(indirect: Owned by Canarab Acquisitions Corp) - Expiration (Short)
Options
2003-09-05$0.50/sh−95,000$47,500→ 0 totalExercise: $0.50From: 2000-10-23Exp: 2005-10-23→ common shares (95,000 underlying)
Footnotes (5)
- [F1]Deemed price of collateral shares proided as security for loan
- [F2]Abbas Salih is a director of, plus indirectly controls the majority of, the common shares of Canarab Acquicitions Corp., a private Canadian company that beneficially ownes approximately 44% of the issued common shares of the Issuer.
- [F3]The 350,000 Rule 144 restricted shares were provided on March 28, 2003 as collateral on a loan provided to Canarab Acquisition Corp. The loan defaulted during Sept 2003 and the collateral shares were realized by the lender upon default of the loan such that Canarab Acquisition Corp. has no further ownership interest in the 350,000 shares.
- [F4]95000 options mutually cancelled as of Sept 5, 2003
- [F5]600,000 Options acquired vest as to 20% upon date of grant and 20% every three months thereafter such that the total grant will be exercisable one year after granting (Sept 5, 2004)
Documents
Issuer
STRATEGIC INTERNET INVESTMENTS INC
CIK 0000053320
Entity typeother
Related Parties
1- filerCIK 0001266423
Filing Metadata
- Form type
- 4
- Filed
- Oct 16, 8:00 PM ET
- Accepted
- Oct 17, 3:29 PM ET
- Size
- 10.8 KB