4//SEC Filing
Witt Mark N 4
Accession 0001092306-09-000416
CIK 0001395205other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 5:25 PM ET
Size
6.8 KB
Accession
0001092306-09-000416
Insider Transaction Report
Form 4
Witt Mark N
DirectorChief Financial Officer
Transactions
- Award
Stock Options
2009-09-22+3,000,000→ 3,000,000 totalExp: 2019-09-22→ Common Stock (3,000,000 underlying)
Footnotes (2)
- [F1]The Company shall grant an aggregate of 3,000,000 stock options (the "Stock Options") to the Executive under its 2008 Stock Option Plan, as amended (the "Stock Option Plan") on the Effective Date. The Stock Options shall expire ten (10) years from the Effective Date and the exercise price shall be the lesser of a) the thirty-day weighted average price prior to the Effective Date or b) the issue price of the contemplated equity raise per (i) below.
- [F2]The Stock Options shall vest as follows: (i) 1,500,000 Stock Options shall vest on the date the Company closes equity funding(s) aggregating $10,000,000; (ii) 500,000 Stock Options shall vest when the Company has successfully completed its listing and commences trading of its shares of common stock with a designated trading symbol (the "Trading Date") with the NYSE Amex Equities, formerly known as the American Stock Exchange ("NYSE Amex Equities") or comparable major exchange; (iii) 500,000 Stock Options shall vest at the one year anniversary date of the Trading Date (the "First Trading Anniversary Date"); and (iv) 500,000 Stock Options shall vest at the two year anniversary date of the Trading Date.
Documents
Issuer
MAINLAND RESOURCES INC.
CIK 0001395205
Entity typeother
Related Parties
1- filerCIK 0001295620
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 5:25 PM ET
- Size
- 6.8 KB