Lane Timothy 4
4 · BAZI INTERNATIONAL, INC. · Filed Dec 4, 2012
Insider Transaction Report
Form 4
BAZI INTERNATIONAL, INC.BAZI.OB
Lane Timothy
Director
Transactions
- Award
Option to Purchase Common Stock
2012-10-15+73,721,700→ 73,721,700 total→ Common Stock (73,721,700 underlying)
Footnotes (2)
- [F1]Pursuant to Bazi International, Inc.'s Director Compensation Plan, Mr. Lane's option to acquire 73,721,700 shares of Common Stock shall vest as follows: 24,573,900 shares in connection with Mr. Lane's appointment as Chairman of the Board of Directors, effective October 15, 2012, with the remaining options to acquire up to 49,147,800 shares of Common Stock vesting equally on a quarterly basis over the course of three years.
- [F2]Shares acquired in consideration for Mr. Lane's services as Chairman of the Board of Directors.