MCGUIRE DENNIS E 4
4 · ECOSPHERE TECHNOLOGIES INC · Filed Jan 28, 2011
Insider Transaction Report
Form 4
MCGUIRE DENNIS E
President and CTO10% Owner
Transactions
- Other
Common Stock
2011-01-27+581,871→ 857,243 total - Other
Stock Options (Right to Buy)
2011-01-04−1,200,000→ 0 totalExercise: $0.28From: 2008-03-31Exp: 2011-01-31→ Common Stock (1,200,000 underlying) - Other
Stock Options (Right to Buy)
2011-01-04−800,000→ 0 totalExercise: $0.28From: 2008-03-31Exp: 2011-01-31→ Common Stock (800,000 underlying)
Holdings
- 155,000(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Jointly owned by Mr. And Mrs. McGuire.
- [F2]Stock options were pledged by Mr. McGuire in connection with a loan. Exercising its rights under the loan agreement, the stock options were exercised by the lender. The number of stock options exercised by the lender exceeded the amount needed to pay off the loan and the lender returned these securities. Because the reporting persons had beneficial ownership over these options, the return of the shares was not a purchase for Section 16 purposes.
- [F3]These are the options referenced in Note 2 above.