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4//SEC Filing

SALON MEDIA GROUP INC 4

Accession 0001266454-08-000610

CIK 0001084332operating
View on SEC.govCompany Profile

Filed

Dec 7, 7:00 PM ET

Accepted

Dec 8, 7:52 PM ET

Size

21.8 KB

Accession

0001266454-08-000610

Insider Transaction Report

Form 4
Period: 2008-12-04
SALON MEDIA GROUP INCSLNM.OB
HAMBRECHT ELIZABETH BOYER
Interim CFO
Transactions
  • Disposition to Issuer

    Option to purchase

    2008-12-04−125,000→ 0 total
    Exercise: $2.80Exp: 2015-02-07→ Common Stock (125,000 underlying)
  • Award

    Option to purchase

    2008-12-04+125,000→ 125,000 total
    Exercise: $0.35Exp: 2015-02-07→ Common Stock (125,000 underlying)
  • Award

    Common Stock

    2008-12-04+292,857→ 292,857 total
  • Award

    Option to purchase

    2008-12-04+10,833→ 10,833 total
    Exercise: $0.35Exp: 2018-12-04→ Common Stock (10,833 underlying)
  • Disposition to Issuer

    Option to purchase

    2008-12-04−70,000→ 0 total
    Exercise: $1.36Exp: 2017-06-28→ Common Stock (70,000 underlying)
  • Award

    Option to purchase

    2008-12-04+70,000→ 70,000 total
    Exercise: $0.35Exp: 2017-06-28→ Common Stock (70,000 underlying)
  • Award

    Option to purchase

    2008-12-04+25,000→ 25,000 total
    Exercise: $0.35Exp: 2016-12-07→ Common Stock (25,000 underlying)
  • Disposition to Issuer

    Option to purchase

    2008-12-04−25,000→ 0 total
    Exercise: $1.05Exp: 2016-12-07→ Common Stock (25,000 underlying)
Holdings

  • Common Stock

    (indirect: See Footnote)
    5,958
Footnotes (7)
  • [F1]WR Hambrecht+Co., Inc. acquired a warrant to purchase 15,000 shares of common stock on February 10, 2004 and converted such warrant on February 7, 2007 for which the Registrant did not receive any proceeds. The reporting person, her spouse and children together own less than 1% of WR Hambrecht+Co., Inc. The reporting person disclaims beneficial ownership of the warrant and the common stock resulting from the exercise of such warrant directly owned by WR Hambrecht+Co., Inc. except to the extent of her respective pecuniary interest therein. Included in the total is her beneficial interest in other entities with ownership of the Registrant's common stock.
  • [F2]Option to purchase granted pursuant to Salon Media Group, Inc. 2004 Stock Plan.
  • [F3]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.
  • [F4]The reporting person agreed to cancellation of an option granted to her on June 28, 2007, in exchange for a new option having a lower exercise price.
  • [F5]The reporting person agreed to cancellation of an option granted to her on December 7, 2006, in exchange for a new option having a lower exercise price.
  • [F6]The option is fully vested.
  • [F7]The reporting person agreed to cancellation of an option granted to her on February 7, 2005, in exchange for a new option having a lower exercise price.

Documents

1 file

Issuer

SALON MEDIA GROUP INC

CIK 0001084332

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001084332

Filing Metadata

Form type
4
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 7:52 PM ET
Size
21.8 KB
View on SEC.gov