Ray Rodney R 4
4 · EPIC FINANCIAL CORP · Filed Sep 10, 2004
Insider Transaction Report
Form 4
Ray Rodney R
DirectorPresident10% Owner
Transactions
- Other
OPTIONS
2004-09-08+500,000→ 500,000 totalExercise: $0.25From: 2005-09-08Exp: 2007-09-08→ COMMON STOCK (500,000 underlying) - Other
OPTIONS
2004-09-08+1,000,000→ 1,000,000 totalExercise: $0.50From: 2005-09-08Exp: 2007-09-08→ COMMON STOCK (1,000,000 underlying) - Other
COMMON STOCK
2004-09-08+2,000,000→ 2,592,900 total
Footnotes (2)
- [F1]THE 2,000,000 SHARES OF THE ISSUER'S COMMON STOCK WERE ACQUIRED PURSUANT TO THE TERMS OF THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT BY AND BETWEEN THE ISSUER AND RODNEY R. RAY, DATED SEPTEMBER 8, 2004. THE SUBJECT STOCK IS DEEMED COMPENSATION TO MR. RAY AND THERE WAS NO CASH CONSIDERATION PAID BY MR. RAY. FOR MORE INFORMATION CONCERNING THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT, REFERENCE IS MADE TO EXHIBIT 99 TO THE ISSUER'S CURRENT REPORT ON FORM 8-K, WHICH WAS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 10, 2004.
- [F2]THE OPTIONS CONVERTABLE INTO THE ISSUER'S COMMON STOCK WERE ACQUIRED PURSUANT TO THE TERMS OF THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT BY AND BETWEEN THE ISSUER AND RODNEY R. RAY, DATED SEPTEMBER 8, 2004. THE SUBJECT OPTIONS ARE DEEMED COMPENSATION TO MR. RAY AND THERE WAS NO CASH CONSIDERATION PAID BY MR. RAY. FOR MORE INFORMATION CONCERNING THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT, REFERENCE IS MADE TO EXHIBIT 99 TO THE ISSUER'S CURRENT REPORT ON FORM 8-K, WHICH WAS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 10, 2004.