Waring Gregory Patrick 4
4 · PUBLIC MEDIA WORKS INC · Filed Dec 1, 2010
Insider Transaction Report
Form 4
PUBLIC MEDIA WORKS INCPUBM.OB
Waring Gregory Patrick
President and COO
Transactions
- Award
Stock Options (right to buy)
2010-11-23−250,000→ 250,000 totalExercise: $1.25→ Common Stock (250,000 underlying) - Award
Common Stock
2010-11-23$0.01/sh+250,000$2,500→ 250,000 total
Footnotes (3)
- [F1]The shares are restricted common stock with a Company right of repurchase at $.01, with the repurchase right terminating at the rate of 1/12 over 12 months from November 22, 2010.
- [F2]The options shall vest at the rate of 1/24 per month for 24 months from November 22, 2010.
- [F3]The options expire upon the first to occur between 90 days after the cessation of their services or 5 years after the last vesting date.