BRAIDO ROD 4
4 · MORGAN BEAUMONT INC · Filed Jan 11, 2005
Insider Transaction Report
Form 4
BRAIDO ROD
DirectorSenior Vice President
Transactions
- Other
Common stock
2004-12-27+54,111→ 760,010 total - Other
Common stock
2004-12-27+2,449→ 760,010 total(indirect: brother) - Award
Stock option
2004-10-01+100,000→ 100,000 totalExercise: $0.20From: 2004-10-01Exp: 2009-10-01→ Common stock (100,000 underlying)
Footnotes (2)
- [F1]The former controlling shareholders of Pan American defaulted on certain provisions of the Merger Agreement which resulted in a modification of the Merger Agreement and a transfer of approximately 1,000,000 shares from the former controlling shareholders to the original shareholders of Morgan Beaumont.
- [F2]The Company granted options to purchase 100,00 shares of its common stock at a price of $0.20 per share to each member of its Board of Directors as consideration for their services during the year ended September 30, 2005.