Pougnet John Desbarrieres 4
4 · BAZI INTERNATIONAL, INC. · Filed Jan 24, 2011
Insider Transaction Report
Form 4
BAZI INTERNATIONAL, INC.XELR.OB
Pougnet John Desbarrieres
Chief Financial Officer
Transactions
- Award
Common Stock Option
2010-12-14$0.18/sh+360,000$64,800→ 360,000 totalExercise: $0.18From: 2014-12-14Exp: 2015-12-13→ Common Stock (360,000 underlying) - Other
Common Stock Option
2010-12-14$1.21/sh−475,000$574,750→ 0 totalExercise: $1.21From: 2010-12-14Exp: 2011-03-09→ Common Stock (475,000 underlying)
Holdings
- 29,500
Common Stock
Footnotes (2)
- [F1]On December 14, 2010, Mr. Pougnet forfieted options to purchase a total of 475,000 shares of Common Stock, consisting of: (i) 9/12/2005 grant of 50,000 options with an exercise price of $1.80; (ii) 3/10/2006 grant of 100,000 options with an exercise price of $1.39; (iii) 5/28/2006 grant of 100,000 options with an exercise price of $0.65; (iv) 3/26/2007 grant of 100,000 options with an exercise price of $1.55; and (v) 1/8/2008 grant of 125,000 options with an exercise price of $1.00. The options were forfeited in consideration for the grant of a new option on 12-14-10 to purchase a total of 360,000 shares of Common Stock, as reported on this Form 4.
- [F2]Options were granted in consideration for the forfeiture of options to acquire 475,000 shares of Common Stock.