GOTTLIEB JAY 5
5 · GOLF TRUST OF AMERICA INC · Filed Feb 5, 2010
Insider Transaction Report
Form 5
GOTTLIEB JAY
Director
Transactions
- Award
Director Stock Option
2009-03-04$0.97/sh+13,333$12,933→ 685,750 totalExercise: $0.97From: 2012-03-04Exp: 2015-03-04→ Common Stock (13,333 underlying) - Award
Director Stock Option
2009-03-04$0.97/sh+13,333$12,933→ 0 totalExercise: $0.97From: 2011-03-04Exp: 2014-03-04→ Common Stock (13,333 underlying)
Footnotes (1)
- [F1]Mr. Gottlieb was awarded a stock option on 3/4/09 covering an aggregate of 40,000 shares. As a result of a misunderstanding of the reporting rules, the reporting person filed a Form 4 on 1/3/10 reporting acquisition of beneficial ownership of 13,334 of those shares, based on the date 60 days before the date the options became exercisable as to those shares rather than on the date the option was first granted as to those shares. This report reflects the reporting person's acquisition of beneficial ownership (as of the option grant date) of the remaining 26,666 shares covered by the option which have not yet been reported or become exercisable.