HERSH RICHARD 5

5 · POWER2SHIP INC · Filed Sep 27, 2004

Form 5

Period: 2004-06-30

DirectorCHIEF EXECUTIVE OFFICER

Transactions

Exercise/Conversion
COMMON STOCK
2003-11-25+108,528→ 108,528 total
Award
STOCK OPTIONS
2003-03-11$0.38/sh+529,666$201,273→ 529,666 total
Exercise: $0.38From: 2003-03-11Exp: 2008-01-01→ COMMON STOCK (529,666 underlying)
Award
STOCK OPTIONS
2003-03-11$0.38/sh+1,438,999$546,820→ 1,438,999 total
Exercise: $0.38From: 2003-03-11Exp: 2008-01-01→ COMMON STOCK (1,438,999 underlying)
Award
STOCK OPTIONS
2003-03-11$0.38/sh+431,678$164,038→ 431,678 total
Exercise: $0.38From: 2003-03-11Exp: 2008-01-01→ COMMON STOCK (431,678 underlying)
Award
STOCK OPTIONS
2003-03-11$0.38/sh+132,417$50,318→ 132,417 total
Exercise: $0.38From: 2003-03-11Exp: 2008-01-01→ COMMON STOCK (132,417 underlying)
Award
STOCK OPTIONS
2003-03-11$0.38/sh+794,500$301,910→ 794,500 total
Exercise: $0.38From: 2003-03-11Exp: 2008-01-01→ COMMON STOCK (794,500 underlying)
Disposition from Tender
SERIES Y CONVERTIBLE PREFERRED STOCK
2003-03-11+87,000→ 87,000 total
Exercise: $0.00From: 2003-03-11Exp: 2013-03-11→ COMMON STOCK (230,405 underlying)

Footnotes (5)

[F1]SHARES OF ISSUER'S COMMON STOCK ISSUED IN EXCHANGE FOR SHARES OF ISSUER'S SERIES X PREFERRED STOCK
[F2]PAYMENT FOR COMMON STOCK WAS 1,904 SHARES OF ISSUER'S SERIES X PREFERRED STOCK THAT HAD NO COST BASIS
[F3]THIS DERIVATIVE SECURITY HAD NO COST BASIS. IT WAS RECEIVED UPON A REVERSE ACQUISITION TRANSACTION TO REPLACE AN EXISTING DERIVATIVE SECURITY OF THE ACQUIRED COMPANY HELD BY THE OWNER.
[F4]THERE IS NO EXPIRATION DATE FOR THE SERIES Y PREFERRED STOCK
[F5]OPTIONS WERE RECEIVED UPON REVERSE ACQUISITION IN EXCHANGE FOR OPTIONS OF ACQUIRED COMPANY HELD BY REPORTING PERSON

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