MAISONNEUVE ANDRE 4
4 · VALIDIAN CORP · Filed Dec 22, 2006
Insider Transaction Report
Form 4
VALIDIAN CORPVLDI
MAISONNEUVE ANDRE
Vice President
Transactions
- Disposition to Issuer
Stock purchase Warrants
2006-12-21−520,000→ 0 totalExercise: $0.33Exp: 2007-12-31→ Common Stock (520,000 underlying) - Disposition to Issuer
Employee Stock Options
2006-12-21−1,005,000→ 0 totalExercise: $0.33Exp: 2008-05-07→ Common Stock (1,005,000 underlying) - Award
Stock purchase Warrants
2006-12-21+650,000→ 0 totalExercise: $0.15Exp: 2008-06-30→ Common Stock (650,000 underlying)
Footnotes (1)
- [F1]The three reported transactions were approved by the Board of Directors of Validian Corporation on December 21, 2006, and will take effect on December 31, 2006, the date of retirement of the holder from his position as Vice President of Validian Corporation. The employee stock options and stock purchase warrants disposed of will be surrendered for cancellation in connection with the issuance of the ?acquired? stock purchase warrants. The employee stock options were originally granted on May 7, 2003, and vested immediately; the ?disposed of? stock purchase warrants were originally granted on May 31, 2003.