Tomasello David 4
4 · NEOMAGIC CORP · Filed Jun 29, 2010
Insider Transaction Report
Form 4
NEOMAGIC CORPnmgc
Tomasello David
Director10% Owner
Transactions
- Award
Stock option (right to buy)
2010-06-25+190,000→ 18,026,667 totalExercise: $0.08From: 2012-06-25Exp: 2016-06-25→ Common stock (190,000 underlying)
Footnotes (2)
- [F1]The stock options were granted on June 23, 2010 and have an effective date of June 25, 2010, pursuant to the Companys 2003 Stock Plan, as amended. The shares subject to such option grant shall vest and become exercisable on each monthly anniversary of June 25, 2010 over a two year period, assuming continued service with the Company, on each scheduled vesting date.
- [F2]On October 12, 2009, NeoMagic Corporation entered into a Stock Purchase Agreement with investors, including Attiva Capital Management, LLC, and Bluestone Financial Ltd, of which Mr. Tomasello holds sole voting power, and 333,333 and 17,333,334 warrants are currently outstanding. Mr. Tomasello disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.