Provenzano Gregory 4
4 · WORLDGATE COMMUNICATIONS INC · Filed Aug 13, 2010
Insider Transaction Report
Form 4
WORLDGATE COMMUNICATIONS INCWGAT.OB
Provenzano Gregory
Director10% Owner
Transactions
- Award
Warrant (right to buy)
2010-08-11+8,000,000→ 8,000,000 total(indirect: By LLC)Exercise: $0.43From: 2010-08-11Exp: 2020-08-11→ Common Stock, $0.01 par value (8,000,000 underlying)
Footnotes (1)
- [F1]The reported securities are held directly by WGI Investor LLC ("WGI Investor"). The reporting person indirectly owns a membership interest in Manna Holdings, LLC, which is the owner of a substantial majority of the membership interests of WGI Investor. As such, the reporting person may be deemed to beneficially own the securities reported herein and owned directly by WGI Investor. The reporting person disclaims beneficial ownership of such securities, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for the purpose of Section 16 or for any other purpose, except to the extent of such reporting person's pecuniary interest therein.