Dugas David 4
4 · ESP Resources, Inc. · Filed Jan 11, 2013
Insider Transaction Report
Form 4
Dugas David
DirectorPresident
Transactions
- Award
Options
2012-11-23+800,000→ 12,000,000 totalExercise: $0.09From: 2012-11-23Exp: 2022-11-23→ Common Stock (800,000 underlying) - Award
Common Stock
2012-11-23$0.09/sh+1,000,000$90,000→ 7,800,000 total
Footnotes (2)
- [F1]On November 23, 2012, the Board of Directors of the Company granted Mr. Dugas 5,000,000 shares of the Company's common stock with 1,000,000 of the shares vesting on November 23, 2012, 1,000,000 of the shares vesting on May 23, 2013, 1,000,000 of the shares vesting on November 23, 2013, 1,000,000 of the shares vesting on May 23, 2014 and 1,000,000 of the shares vesting on November 23, 2014.
- [F2]On November 23, 2012, the Board of Directors of the Company granted Mr. Dugas an option to purchase 4,000,000 shares of the Company's common stock at an exercise price of $0.09 per share, with 800,000 of the shares subject to the option vesting on November 23, 2012, 800,000 of the shares subject to the option vesting on May 23, 2013, 800,000 of the shares subject to the option vesting on November 23, 2013, 800,000 of the shares subject to the option vesting on May 23, 2014 and 800,000 of the shares subject to the option vesting on November 23, 2014.