4//SEC Filing
Drohan Frank J 4
Accession 0001299116-11-000004
CIK 0000820600other
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 6:40 PM ET
Size
7.5 KB
Accession
0001299116-11-000004
Insider Transaction Report
Form 4
Omagine, Inc.OMAG
Drohan Frank J
DirectorPresident & CEO10% Owner
Transactions
- Conversion
Common Stock Purchase Options
2011-08-29−100,000→ 100,000 totalExercise: $1.25From: 2006-09-01Exp: 2011-08-31→ Common Stock (100,000 underlying) - Purchase
Common Stock
2011-08-29$1.25/sh+100,000$125,000→ 1,482,358 total
Footnotes (2)
- [F1]The Reporting Person exercised 100,000 common stock purchase options ("Options") granted by the Board of Directors on September 1, 2001 and expiring on August 31, 2011. The number and exercise price of the Options give retroactive effect to the reverse and forward splits (the "Stock Splits") effected by the issuer on December 29, 2009. The aggregate price of $125,000 was paid to the Company by offsetting $125,000 of accrued but unpaid compensation owed to the Reporting Person by the Company.
- [F2]The exercise price for all such Options was $1.25.
Documents
Issuer
Omagine, Inc.
CIK 0000820600
Entity typeother
Related Parties
1- filerCIK 0001299116
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 6:40 PM ET
- Size
- 7.5 KB