Santo Steve 4
4 · Avantair, Inc · Filed May 19, 2010
Insider Transaction Report
Form 4
Avantair, IncAAIR.OB
Santo Steve
DirectorChief Executive Officer10% Owner
Transactions
- Tax Payment
Common Stock
2010-05-18$2.95/sh−1,477$4,357→ 75,158 total
Holdings
- 1,606,650(indirect: By LLC)
Common Stock
- 5,000(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]The reporting person is a member of Camelot 27, LLC. The reporting person specifically disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]Includes 67,000 shares of Restricted Stock granted on May 18, 2007, pursuant to the Company's Long Term Incentive Plan. One-third of the shares vested on May 18, 2008 and one-twelfth of the shares vest every three months thereafter. The 1,477 shares were redeemed by the Issuer from the Reporting Person to satisfy tax withholding obligations in connection with the share vesting on May 18, 2010.
- [F3]Represents 5,000 shares of Restricted Stock granted on May 18, 2007, pursuant to the Company's Long Term Incentive Plan. One-third of the shares vested on May 18, 2008 and one-twelfth of the shares vest every three months thereafter.