KIT digital, Inc. 4

4 · KIT digital, Inc. · Filed Jul 7, 2008

Form 4

Period: 2008-03-30

DirectorChief Financial Officer

Transactions

Award
Warrants
2008-03-30+1,200,000→ 2,850,000 total
Exercise: $0.13Exp: 2012-03-30→ Common Stock (1,200,000 underlying)
Conversion
Common Stock
2008-05-22+60,000→ 100,000 total
Disposition to Issuer
Stock Options
2008-03-17+850,000→ 3,260,000 total
Exercise: $3.28→ Common Stock (850,000 underlying)
Award
Stock Options
2008-03-17+410,000→ 3,260,000 total
Exercise: $0.08From: 2008-03-17Exp: 2013-03-16→ Common Stock (410,000 underlying)
Award
Warrants
2008-03-30+1,650,000→ 1,650,000 total
Exercise: $0.13Exp: 2012-03-30→ Common Stock (1,650,000 underlying)
Award
Stock Options
2008-06-23+250,000→ 3,510,000 total
Exercise: $0.28Exp: 2013-06-22→ Common Stock (250,000 underlying)

Footnotes (6)

[F1]The securities were acquired upon conversion of Series A Preferred Stock held by the Reporting Person.
[F2]The Warrants vested upon grant and are exercisable in one-twelfth increments in equal installments commencing on October 1, 2008; provided however, if the Company experiences a change of control (as defined in the Company's 2008 Employee Stock Option Plan), the Warrants shall immediately become exercisable.
[F3]The Warrants were granted in connection with that certain Separation and Re-Employment Agreement dated March 30, 2008 between the Company and the Reporting Person.
[F4]The Warrants vest and are exercisable in equal installments during the 3 year period commencing on March 30, 2008 and shall cease to vest during the time in which the Reporting Person's employment shall be terminated. If the Company experiences a change of control (as defined in the Company's 2008 Employee Stock Option Plan), the Warrants shall immediately become exercisable.
[F5]The Stock Options were cancelled and replaced by 410,000 stock options issued on March 17, 2008.
[F6]The Stock Options vest in sixteen (16) equal quarterly installments, the first installment to vest on September 30, 2008.

Documents

1 file