4//SEC Filing
Drohan Frank J 4
Accession 0001299116-10-000002
CIK 0000820600other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 3:52 PM ET
Size
7.9 KB
Accession
0001299116-10-000002
Insider Transaction Report
Form 4
Omagine, Inc.OMAGD
Drohan Frank J
DirectorPresident & CEO10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-03-04$0.16/sh−1.77$0→ 1,222,860 total - Award
Common Stock
2010-02-24$33833.00/sh+135,332$4,578,687,556→ 1,358,192 total
Footnotes (2)
- [F1]The one and seven-tenths shares disposed of represents the compulsory disposition of 1.77 shares of the Issuer's Common Stock owned by the Reporting Person resulting from the 100-for-1 reverse split and subsequent 1-for-20 forward split (the "Stock Splits") effected on December 30, 2009. In lieu of issuing any fractional shares resulting from the Stock Splits, the Issuer shall distribute a cash payment for all such fractional shares to the owners thereof following the aggregation and sale by the Issuer's transfer agent of all fractional shares resulting from the Stock Splits. The sale of all such fractional shares was consummated on March 4, 2010. The number of shares of the Issuer's Common Stock being reported in Column 5 gives effect to the Stock Splits and the compulsory disposition by the Reporting Person of one and seven-tenths shares.
- [F2]The Reporting Person was issued 135,332 restricted shares of the Issuer's $0.001 par value Common Stock (the "Shares") on February 24, 2010 pursuant to a Board of Dirctors resolution of the same date. The Shares were valued at $33,833 and represent the Company's 2010 contribution for the benefit of the Reporting Person to the Omagine, Inc. 401(k) Plan.
Documents
Issuer
Omagine, Inc.
CIK 0000820600
Entity typeother
Related Parties
1- filerCIK 0001299116
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 3:52 PM ET
- Size
- 7.9 KB