Miller Timothy 4
4 · SUMOTEXT, inc. · Filed Sep 24, 2010
Insider Transaction Report
Form 4
SUMOTEXT, inc.SMXI.OB
Miller Timothy
DirectorPresident, CEO, and Treasurer10% Owner
Transactions
- Sale
Common Stock
2010-09-17$0.05/sh−1,757,700$79,800→ 0 total - Other
Common Stock
2010-09-17−550,000→ 0 totalExercise: $0.50From: 2010-02-17Exp: 2012-02-17→ Common Stock (550,000 underlying) - Award
Common Stock
2010-02-17+550,000→ 550,000 totalExercise: $0.50From: 2010-02-17Exp: 2012-02-17→ Common Stock (550,000 underlying)
Footnotes (2)
- [F1]Does not take into account the Registrant's pending 11:1 forward stock split.
- [F2]The Registrant and Mr. Miller have agreed to the terms of a Spin-Off Agreement and Assignment Agreement, pursuant to which Mr. Miller's outstanding Common Stock Purchase Warrants will be transferred to and assumed by a separate private company, which transaction has not closed to date.