MCGUIRE DENNIS E 4
4 · ECOSPHERE TECHNOLOGIES INC · Filed Mar 25, 2011
Insider Transaction Report
Form 4
MCGUIRE JACQUELINE K
Sr.VP of Administration & Sec10% Owner
Transactions
- Tax Payment
Common Stock
2011-01-31$0.60/sh−37,333$22,400→ 1,119,910 total - Sale
Common Stock
2011-03-23$0.76/sh−25,000$19,000→ 1,074,987 total - Tax Payment
Common Stock
2011-02-18−19,923→ 1,099,987 total - Exercise/Conversion
Common Stock
2011-01-31$0.28/sh+80,000$22,400→ 1,157,243 total - Exercise/Conversion
Stock Option (Right to Buy)
2011-01-31−80,000→ 0 totalExercise: $0.28From: 2008-02-01Exp: 2011-01-31→ Common Stock (80,000 underlying)
Footnotes (4)
- [F1]Reflects 37,333 shares withheld by the issuer at the market price of $0.60 per share less an exercise price of $0.28 per share to fund the cashless exercise of 80,000 options owned by Mrs. McGuire, which cashless exercise was approved by the Board of Directors.
- [F2]On December 23, 2008, the board granted 65,000 shares to Mrs. McGuire for which a Form 4 was timely filed. This number reflects 19,923 shares withheld by the issuer on February 18, 2011 at the vesting date price of $0.47 per share to pay required withholding taxes.
- [F3]This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. McGuire on March 18, 2011. The reporting persons exercised no discretion with respect to the sale.
- [F4]Of these securities, 882,423 are jointly owned by Mr. and Mrs. McGuire.