CAPITAL GROWTH SYSTEMS INC /FL/ 4
4 · CAPITAL GROWTH SYSTEMS INC /FL/ · Filed Apr 11, 2008
Insider Transaction Report
Form 4
SHUTT PATRICK C
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Purchase
Options
2007-12-27+0→ 8,312,500 totalExercise: $0.18→ Common Stock (5,750,000 underlying) - Conversion
Common Stock
2008-03-03$0.50/sh+105,566$53,205→ 173,787 total
Footnotes (2)
- [F1]Options to acquire: (a) 1,916,677 shares exercisable 01/01/08 to 12/31/08; (b) 1,916,677 shares exercisable 01/01/09 to 12/31/09; and (c) 1,916,676 shares exercisable 01/01/10 to 12/31/10.
- [F2]Options to acquire: (a) 2,333,333 shares exercisable 01/01/10 to 12/31/10; (b) 2,333,333 shares exercisable 01/01/11 to 12/31/11; and (c) 2,333,334 shares 01/01/12 to 12/31/12; each tranche exercisable right is subject to achievement of certain vesting criteria, and acceleration fo exercise in event of certian change-in-control events.