4//SEC Filing
Hammer Matthew James 4
Accession 0001419969-08-000011
CIK 0001290689other
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 5:18 PM ET
Size
5.9 KB
Accession
0001419969-08-000011
Insider Transaction Report
Form 4
Vivid Learning Systems, Inc.VVDL.OB
Hammer Matthew James
Chief Executive Officer
Transactions
- Other
Common Stock
2008-10-24$150000.00/sh−50,000$7,500,000,000→ 36,136 total
Footnotes (2)
- [F1]On May 1, 2004, Issuer and ImageWorks Digital Media Group, Inc., an entity in which the reporting person held a 50% interest, executed a share exchange agreement. A portion of the consideration was that the reporting person received 50,000 shares of Issuer's common stock. Further, the share exchange agreement provided that if said shares did not have a certain market value as of May 24, 2008, the reporting person would have the option to request a buyback of the shares from the Issuer. The shares did not have the noted market value and the reporting person requested the Issuer buyback the shares. The shares were surrendered on 10/24/2008 in exchange for full payment of the buyback amount.
- [F2]The per share price is not reflective of the market; rather, as noted in Footnote 1, the price paid is the result of an arms-length transaction finalized in 2004.
Documents
Issuer
Vivid Learning Systems, Inc.
CIK 0001290689
Entity typeother
Related Parties
1- filerCIK 0001419969
Filing Metadata
- Form type
- 4
- Filed
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 5:18 PM ET
- Size
- 5.9 KB