INFINITE GROUP INC 4
4 · INFINITE GROUP INC · Filed Dec 3, 2014
Insider Transaction Report
Form 4
REEVE DONALD
Director
Transactions
- Award
Common Stock
2014-12-01$0.05/sh+600,000$30,000→ 600,000 total - Award
Option
2014-12-01+600,000→ 1,100,000 totalExercise: $0.05From: 2014-12-01Exp: 2024-11-30→ Common stock (600,000 underlying)
Holdings
- 500,000
Option
Exercise: $0.15From: 2013-09-05Exp: 2023-09-04→ Comon stock (500,000 underlying)
Footnotes (3)
- [F1]The reporting person acquired the shares of common stock in exchange for a financing agreement origination fee having a fair value of $30,000.
- [F2]Immediately vested.
- [F3]The options are exercisable to purchase one-fifth of the shares beginning on 9/5/2013 grant date and to purchase an additional one-fifth of the shares on each of the first through the fourth anniversaries of the grant date.