4//SEC Filing
Gelmon Michael J 4
Accession 0001005477-06-002475
CIK 0001086473other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 4:41 PM ET
Size
8.7 KB
Accession
0001005477-06-002475
Insider Transaction Report
Form 4
BANYAN CORP /OR/BANY
Gelmon Michael J
DirectorChief Executive Officer10% Owner
Transactions
- Award
Option to Buy
2006-02-15$0.02/sh+15,000,000$300,000→ 15,000,000 totalExercise: $0.02From: 2006-02-15Exp: 2011-02-15→ Common Stock, no par value (15,000,000 underlying) - Other
Common Stock, no par value
2006-02-15$0.01/sh+3,500,000$21,000→ 24,623,833 total - Exercise of In-Money
Common Stock, no par value
2006-02-15$0.01/sh+6,500,000$39,000→ 21,123,833 total
Footnotes (2)
- [F1]On February 15, 2006, the Reporting Person exercised 6,500,000 options for services valued at $39,000.
- [F2]On February 15, 2006, the Reporting Person waived his annual bonus payable with respect to the Issuer's diagnostic testing business for 2005 valued at $21,000.
Documents
Issuer
BANYAN CORP /OR/
CIK 0001086473
Entity typeother
Related Parties
1- filerCIK 0001288906
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 4:41 PM ET
- Size
- 8.7 KB