5//SEC Filing
Provenzano Gregory 5
Accession 0001510340-11-000004
CIK 0001030058other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 8:47 PM ET
Size
6.7 KB
Accession
0001510340-11-000004
Insider Transaction Report
Form 5
WORLDGATE COMMUNICATIONS INCWGAT.OB
Provenzano Gregory
Director10% Owner
Transactions
- Award
Warrant (right to buy)
2010-03-30+3,000,000→ 3,000,000 total(indirect: By LLC)Exercise: $0.04Exp: 2020-03-30→ Common Stock, $0.01 par value (3,000,000 underlying)
Footnotes (2)
- [F1]Vests based on purchases of videophones under a Master Purchase Agreement ("MPA") between the Issuer and ACN Digital Phone Service, LLC ("DPS"). The first 500,000 shares vest upon the purchase of 99,440 units, and the remaining 2,500,000 shares vest upon the purchase of the last of the remaining 200,560 units.
- [F2]The reporting person is a stockholder, officer and director of ACN, Inc. (parent of DPS) and may be deemed to beneficially own these securities. 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 his pecuniary interest therein.
Documents
Issuer
WORLDGATE COMMUNICATIONS INC
CIK 0001030058
Entity typeother
Related Parties
1- filerCIK 0001458593
Filing Metadata
- Form type
- 5
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 8:47 PM ET
- Size
- 6.7 KB