VERTICAL BRANDING, INC. 4
4 · VERTICAL BRANDING, INC. · Filed May 21, 2008
Insider Transaction Report
Form 4
Imbimbo Victor
Director
Transactions
- Award
Options
2008-05-19+6,250→ 140,250 totalExercise: $0.37Exp: 2018-05-19→ Common Stock Par VAlue $.001 (6,250 underlying) - Award
Common Stock $.001 Par Value
2008-05-19+40,000→ 82,500 total - Award
Options
2008-05-19+60,000→ 134,000 totalExercise: $0.37Exp: 2018-05-19→ Common Stock Par Value $.001 (60,000 underlying)
Footnotes (4)
- [F1]On May 19, 2008, Victor Imbimbo received a restricted stock award in the amount of 40,000 shares of the Issuer's common stock, granted uder the Issuer's 2006 Equity Incentive Plan (the "Plan"). The shares will become unrestricted, or vest, in three equal annual installments on the anniversary of the date of grant.
- [F2]Includes 25,000 shares of Series A preferred stock, which is convertible into 50,000 shares of common stock par value $.001.
- [F3]On May 19, 2008, Victor Imbimbo was granted an option under the Plan to purchase 60,000 shares of the Issuer's common stock. The option becomes exercisable, or vests, in equal monthly installments over three years from the date of grant.
- [F4]On May 19, 2008, Victor Imbimbo was granted an option under the Plan to purchase 6,250 shares of the Issuer's common stock. The option becomes exercisable, or vests, in equal monthly installments over three years from the date of grant so long as Mr. Imbimbo continues to serve as chair or co-chair of the Compensation Committee.