Gelmon Michael J 4
4 · PaperFree Medical Solutions, Inc. · Filed Oct 24, 2008
Insider Transaction Report
Form 4
Gelmon Michael J
DirectorChief Executive Officer
Transactions
- Award
Series C Preferred Stock, $.001 par value
2008-10-22+90,000→ 90,000 total
Footnotes (2)
- [F1]The reporting person received these shares in consideration of his accrued compensation of $10,000 per month beginning June 1, 2008. The reporting person's future compensation from the date of issue is also included in the consideration.
- [F2]The voting rights of these shares are such that the holder automatically possesses the number of votes equal to a majority of the total votes being cast upon any issue submitted to a vote of security holders of the Issuer.