Wesson John M 4
4 · JBI, INC. · Filed Jan 18, 2012
Insider Transaction Report
Form 4
JBI, INC.JBII
Wesson John M
Director
Transactions
- Award
Common Stock
2012-01-17$2.38/sh+7,353$17,500→ 193,420 total
Footnotes (1)
- [F1]Represents shares issued to the reporting person as 50% of total compensation for services as a non-employee director of the Company in 2011. As previously reported by the Company, in August 2011, the board approved a total annual award equal to a number of shares valued at $35,000 issuable in two tranches. The Shares reported represent the second tranche and were calculated using a closing price of $2.38 on December 30, 2011 (i.e. $17,500/$2.38).