Haddad Deric 4
4 · IVT SOFTWARE INC · Filed May 10, 2011
Insider Transaction Report
Form 4
IVT SOFTWARE INCIVTW
Haddad Deric
DirectorChief Executive Officer10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2010-12-28$5.05/sh−10,133,334$51,173,337→ 7,650,083 total - Award
Class A Common Stock
2010-12-28$5.05/sh+7,650,083$38,632,919→ 7,650,083 total(indirect: By Spouse) - Award
Class A Common Stock
2010-12-28$5.05/sh+7,650,083$38,632,919→ 7,650,083 total
Footnotes (2)
- [F1]Reporting person puchased 10,133,334 common shares from the Issuer's former principal shareholders in payment of $307,309. As a condition of the reverse acquisition, Reporting person agreed to the cancellation of 10,133,334 shares of common stock. Reporting person was issued 7,650,083 common shares on the same date.
- [F2]On the effective date of the reverse acquisition, the closing price of the common stock was $5.05.