Richards Mark 4
4 · PERVASIP CORP · Filed Oct 13, 2009
Insider Transaction Report
Form 4
PERVASIP CORPpvsp
Richards Mark
Other
Transactions
- Award
Option to purchase common stock
2009-10-09$0.15/sh+1,500,000$225,000→ 1,500,000 totalExercise: $0.01Exp: 2014-10-09→ common stock (1,500,000 underlying)
Footnotes (2)
- [F1]500,000 shares are exercisable on 10/9/02010, 500,000 on 10/9/2011 and 500,000 on 10/9/2012.
- [F2]Also owns options that expire on 10/14/2009 to purchase 1,000,000 shares of common stock at $0.25 a share, and contingent options that expire on 11/16/2012 to purchase 2,368,053 shares of common stock at $0.30 a share. The contingent options vest on the date at which either (a) the company attains positive cash flow from operations for 3 consecutive months or (b) the company is sold.