LONG JAMES H 4
4 · INX Inc · Filed Jun 28, 2011
Insider Transaction Report
Form 4
INX IncINXI
LONG JAMES H
DirectorCEO10% Owner
Transactions
- Other
Restricted Stock Units
2011-06-27−80,000→ 0 total→ Common Stock (80,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share or INX common stock.
- [F2]The grant of the restricted stock units is subject to shareholder approval, which has not yet been obtained as of the date hereof.
- [F3]Effective June 27, 2011, Mr. Long terminated the Incentive Agreement - Restricted Stock Unit Award pursuant to which the restricted stock units were granted, and he surrendered his contingent right to obtain the restricted stock units and the shares of common stock underlying the restricted stock units.
- [F4]The restricted stock units were to vest in five equal annual installment beginning December 31, 2010 (subject to shareholder approval).