Richards Mark 4
4 · PERVASIP CORP · Filed Nov 29, 2010
Insider Transaction Report
Form 4
PERVASIP CORPpvsp
Richards Mark
Other
Transactions
- Award
Common Stock
2010-11-25$0.10/sh+500,000$50,000→ 601,000 total - Award
Warrant to purchase common stock
2010-11-25$0.10/sh+1,000,000$100,000→ 1,140,000 totalExercise: $0.10From: 2010-11-25Exp: 2020-11-25→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]Also owns options of 50,000 shares which were exercisable on 10/09/2010, 50,000 are exercisable on 10/09/2011 and 50,000 on 10/09/2012 at $1.50 Also owns contingent options to purchase 236,805 shares of common stock at $3.00 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