RUSH FINANCIAL TECHNOLOGIES INC 4/A

4/A · RUSH FINANCIAL TECHNOLOGIES INC · Filed May 31, 2006

Form 4/AAmended

Period: 2006-05-19

Subsidiary Officer

Transactions

Purchase
Series E Convertible Preferred Stock
2006-05-19$1000.00/sh+11$11,000→ 11 total
Exercise: $0.15→ Common Stock (73,333 underlying)
Award
Nonqualified Stock Options (right to buy)
2006-05-19$0.28/sh+1,000,000$280,000→ 1,000,000 total
Exercise: $0.28Exp: 2011-05-19→ Common Stock (1,000,000 underlying)
Purchase
Warrants
2006-05-19$0.30/sh+36,667$11,000→ 36,667 total
Exercise: $0.30→ Common Stock (36,667 underlying)

Footnotes (5)

[F1]Conversion automatic upon shareholder approval of amendment to Company's Articles of Incorporation increasing number of authorized shares outstanding to 500,000,000.
[F2]There is no expiration date.
[F3]The Warrants are exercisable immediately upon shareholder approval of amendment to Company's Articles of Incorporation increasing number of authorized shares outstanding to 500,000,000.
[F4]The Warrants expire five years after the date upon which they first become exercisable.
[F5]The options vest and become exercisable on the following dates and in the following increments: 25% on May 19, 2007; another 25% on May 19, 2008; the remaining 50% on May 19, 2009.

Documents

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