4//SEC Filing
Haller L. Michael 4
Accession 0001437749-12-008905
CIK 0000924642other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 5:02 PM ET
Size
6.2 KB
Accession
0001437749-12-008905
Insider Transaction Report
Form 4
Haller L. Michael
DirectorCEO and President
Transactions
- Award
Stock Option (Right to Buy)
2012-08-27$0.05/sh−10,000,000$500,000→ 10,000,000 totalExercise: $0.05Exp: 2022-08-26→ Common Stock (10,000,000 underlying)
Footnotes (2)
- [F1]The stock option vests in 5 equal tranches of 2,000,000 shares each. Tranche 1 vested immediately upon grant on August 27, 2012. Tranches 2, 3, 4 and 5 vest upon the achievement of gross revenue attributable to published mobile application games reaching $1.0 million, $2.0 million, $3.0 million and $4.0 million, respectively, or gross revenue attributable to other deals, including, licensing, joint ventures, partnerships, or mergers and acquisitions brought to the company by Mr. Haller reaching at least $2.0 million, $4.0 million, $6.0 million and $8.0 million, respectively, and the aggregate positive net cash flow, excluding income taxes, for the company as a whole from September 1, 2012 is at least $250,000, $700,000, $1,100,000 and $1,600,000, respectively, or, if the cash flow achieved is at least 50%, that is, at least $125,000, $350,000, $550,000 and $800,000, respectively, and the DIGA stock price (continued on footnote 2)
- [F2](continued from footnote 1) closes at or above $0.25, $0.50, $0.75 ad $1.00, respectively, for at least 10 consecutive trading days.
Documents
Issuer
DIGITAL ANGEL CORP
CIK 0000924642
Entity typeother
Related Parties
1- filerCIK 0001556495
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 5:02 PM ET
- Size
- 6.2 KB