Greco James J 4
4 · True Drinks Holdings, Inc. · Filed Jul 6, 2018
Insider Transaction Report
Form 4
Greco James J
Director
Transactions
- Disposition to Issuer
Stock Option
2018-07-05−15,750,789→ 0 totalExercise: $0.07From: 2017-09-29Exp: 2022-04-13→ Common Stock (15,750,789 underlying) - Award
Stock Option
2018-07-05+1,575,079→ 1,575,079 totalExercise: $0.03From: 2018-07-05Exp: 2023-01-30→ Common Stock (1,575,079 underlying) - Award
Stock Option
2018-07-05+12,644,921→ 12,644,921 totalExercise: $0.01From: 2018-07-05Exp: 2028-01-30→ Common Stock (12,644,921 underlying)
Footnotes (1)
- [F1]The reported transaction involved (i) the forfeiture of 14,175,710 outstanding options, and (ii) the modification of 1,575,079 outstanding options, resulting in the deemed cancellation of the "old" options and the grant of replacement options with a reduced exercise price of $0.025 per share and extended expiration date, which modifications were approved in advance by the Issuer's Board of Directors on January 30, 2018. The cancellation and subsequent grant were both exempt from Section 16(b) pursuant to Rule 16b-3(e) and Rule 16b-3(d), respectively.