DAmelio Michael A 4
4 · SOLOMON TECHNOLOGIES INC · Filed Feb 11, 2009
Insider Transaction Report
Form 4
DAmelio Michael A
DirectorSecretary10% Owner
Transactions
- Award
Common Stock
2009-02-06+20,000,000→ 21,265,427 total
Holdings
- 1,976,633(indirect: See footnote 3)
Common Stock
- 25,000
Stock Option
Exercise: $0.55From: 2004-10-20Exp: 2014-07-21→ Common Stock (25,000 underlying) - 1,604,826(indirect: See footnote 2)
Common Stock
- 13,340,375
Stock Option
Exercise: $0.03From: 2008-08-15Exp: 2013-06-30→ Common Stock (11,000,000 underlying) - 2,365,375(indirect: See footnote 4)
Senior Secured Note
Exercise: $0.35From: 2007-09-08Exp: 2009-01-15→ Common Stock (2,340,375 underlying)
Footnotes (4)
- [F1]These shares of Common Stock were issued to the Reporting Person as partial payment of compensation due him under his 2008 Amended Employment Agreement and Plan.
- [F2]These shares are owned by the JMC Venture Partners, LLC, of which the Reporting Person is an owner. The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
- [F3]These shares are owned by the Jezebel Management Corporation, of which the Reporting Person is an owner. The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein
- [F4]Jezebel purchased for $100 the right to convert the aggregate principal amount of senior secured note held by it plus accrued interest thereon as of September 30, 2007 into Common Stock at any time until the maturity date of the senior secured notes, which is January 15, 2009 or as it may be extended from time to time. The Reporting Person has an ownership interest in Jezebel. The Reporting Person disclaims beneficial ownership of 2,340,375 of these derivative securities except to the extent of his pecuniary interest therein.