Talbot David Lyle 4
4 · SALON MEDIA GROUP INC · Filed Jul 29, 2011
Insider Transaction Report
Form 4
SALON MEDIA GROUP INCSLNM.OB
Talbot David Lyle
DirectorChief Executive Officer
Transactions
- Award
Option to Purchase
2011-07-22+400,000→ 400,000 totalExercise: $0.45Exp: 2021-07-22→ Common Stock (400,000 underlying)
Footnotes (2)
- [F1]Option to purchase granted pursuant to Salon Media Group, Inc. 2004 Stock Plan.
- [F2]Options vest at the rate of 100,000 every three months as long as the Reporting Person remains the Chief Executive Officer of the Company. The first 100,000 options vest on October 31, 2011 with subsequent vesting on January 31, 2012, April 30, 2012 and July 31, 2012.