Kuczynski Charles P 4
4 · Omagine, Inc. · Filed Aug 29, 2011
Insider Transaction Report
Form 4
Omagine, Inc.OMAG
Kuczynski Charles P
DirectorVice President & Secretary
Transactions
- Purchase
Common Stock
2011-08-29$1.25/sh+50,000$62,500→ 413,293 total - Conversion
Common Stock Purchase Options
2011-08-29−50,000→ 50,000 totalExercise: $1.25From: 2006-09-01Exp: 2011-08-31→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The Reporting Person exercised 50,000 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 stock splits (the "Stock Splits") effected by the Issuer on December 29, 2009. The aggregate exercise price of $62,500 was paid to the Company by offsetting $62,500 of accrued but unpaid compensation owed to the Reporting Person by the Company.
- [F2]The exercise price for all such Options was $1.25.