BENCH ROBERT K 4
4 · BAYHILL CAPITAL CORP · Filed Jul 23, 2008
Insider Transaction Report
Form 4
BENCH ROBERT K
Director
Transactions
- Award
Convertible Notes
2008-07-22$50000.00/sh+50,000$2,500,000,000→ 50,000 total(indirect: See Footnote)Exercise: $1.00From: 2008-07-22Exp: 2009-09-30→ Common Stock (50,000 underlying)
Holdings
- 203,123(indirect: See Footnote)
Common Stock
- 150,667
Common Stock
Footnotes (3)
- [F1]The reporting person is a member and manager of Vector Capital, LLC, who is the owner of these securities. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]Of the total securities beneficially owned, 100,000 shares are restricted shares and are subject to certain time and performance vesting provisions.
- [F3]The reporting person is an officer and shareholder with Little Hollow Farms, Inc. who is the owner of these securities. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.