RUSH FINANCIAL TECHNOLOGIES INC 4/A
4/A · RUSH FINANCIAL TECHNOLOGIES INC · Filed May 31, 2006
Insider Transaction Report
Form 4/AAmended
Nolan Michael
CHIEF EXECUTIVE OFFICER
Transactions
- Purchase
Series E Convertible Preferred Stock
[F1][F2]2006-05-19$1000.00/sh+40$40,000→ 40 totalExercise: $0.15→ Common Stock (266,667 underlying) - Purchase
Warrants
[F3][F4]2006-05-19$0.30/sh+133,333$40,000→ 133,333 totalExercise: $0.30→ Common Stock (133,333 underlying) - Award
Nonqualified Stock Options (right to buy)
[F5]2006-05-19$0.28/sh+3,600,000$1,008,000→ 3,600,000 totalExercise: $0.28Exp: 2011-05-19→ Common Stock (3,600,000 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.
Signature
Sharron Y. Kuzma, Attorney in Fact for Michael Nolan|2006-05-31