GORODNITSKY IGOR 4
4 · Cavitation Technologies, Inc. · Filed Mar 11, 2013
Insider Transaction Report
Form 4
GORODNITSKY IGOR
DirectorPresident10% Owner
Transactions
- Disposition to Issuer
Restricted Common Stock
2012-12-18−3,000,000→ 17,323,475 total - Award
Stock warrants
2012-12-18$0.03/sh+4,250,000$114,750→ 4,250,000 totalExercise: $0.03From: 2012-12-18Exp: 2022-12-18→ Common Stock (4,250,000 underlying)
Footnotes (3)
- [F1]These shares were cancelled by the company. The market price on the day of the transaction was $0.027. The shares were originally granted on 7/27/2012 as performance based compensation and were subject to vesting terms and a minimum holding period
- [F2]3,000,000 stock warrants were received as replacement for the cancelled shares, and 1,250,000 stock warrants were issued for employment services
- [F3]Warrants are non-qualified and were granted as officer compensation. This is the price of the underlying common stock on grant date.