Hooper Robert 4
4 · Residential Income Properties, Inc. · Filed Apr 17, 2009
Insider Transaction Report
Form 4
Hooper Robert
Sr. V-P, Secretary, CAO
Transactions
- Other
Common Stock, $0.0001 par value per share
2009-04-03$150.00/sh+1,500,000$225,000,000→ 2,250,000 total
Footnotes (2)
- [F1]For U. S. Internal Revenue Service taxation purposes, the subject transaction is deemed to have a value of $150.00.
- [F2]On January 23, 2009, the Issuer issued 750,000.0000 shares of its common stock to the Reporting Person as partial compensation under a non-qualified (general) compensatory plan for his service as a senior executive officer of the Issuer. On April 3, 2009, the Issuer's Board of Directors, acting unanimously, resolved to issue the Reporting Person an additional 1,500,000.0000 shares of its common stock, as its gratitude for the Reporting Person's exemplary service and dedication to the Issuer for the period beginning November 18, 2009, to-date. (For the Issuer's position as to the qualification of its issuance of shares to the Reporting Person, the public is encouraged to read the general footnote to this ownership report.)