SALON MEDIA GROUP INC 4
4 · SALON MEDIA GROUP INC · Filed Dec 8, 2008
Insider Transaction Report
Form 4
SALON MEDIA GROUP INCSLNM.OB
Blashka Norman M
Executive VP and CFO
Transactions
- Award
Option to purchase
2008-12-04+16,667→ 16,667 totalExercise: $0.35Exp: 2018-12-04→ Common Stock (16,667 underlying) - Disposition to Issuer
Option to purchase
2008-12-04−292,625→ 0 totalExercise: $1.60Exp: 2018-01-07→ Common Stock (292,625 underlying) - Award
Option to purchase
2008-12-04+292,625→ 292,625 totalExercise: $0.35Exp: 2018-01-07→ Common Stock (292,625 underlying) - Award
Common Stock
2008-12-04+57,143→ 57,143 total
Footnotes (3)
- [F1]Option to purchase granted pursuant to Salon Media Group, Inc. 2004 Stock Plan.
- [F2]The option is exercisable to the extent the shares are vested. 25% of the shares vest after one year, and 2.0833% vest monthly thereafter, provided that the reporting person continues to be employed or otherwise retained by the Issuer.
- [F3]The reporting person agreed to cancellation of an option granted to him on January 7, 2008, in exchange for a new option having a lower exercise price.