SCHUH ANTONIUS 4
4 · QUIKBYTE SOFTWARE INC · Filed Sep 23, 2009
Insider Transaction Report
Form 4
SCHUH ANTONIUS
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common Stock
2009-09-21+25,484,329→ 25,484,329 total
Footnotes (1)
- [F1]The reporting person received these shares in exchange for 1,000,000 shares of Sorrento Therapeutics, Inc. ("Sorrento") in connection with the merger of Sorrento Merger Corp, Inc. ("Merger Sub"), a wholly-owned subsidiary of QuikByte Software, Inc. ("QuikByte"), with and into Sorrento (the "Merger"), pursuant to that certain Merger Agreement, dated July 14, 2009, by and among QuikByte, Sorrento, Merger Sub, the Stockholders' Agent thereunder and the Parent Representative thereunder (the "Merger Agreement"). Of the 25,484,329 shares issued to the reporting person in the Merger, 2,548,432 shares are currently being held in escrow and are subject to forfeiture during the one-year period following the Merger to satisfy certain indemnification obligations pursuant to the terms of the Merger Agreement.