LEE GORDON 4
4 · BENTLEY COMMUNICATIONS CORP/DE · Filed Jan 15, 2004
Insider Transaction Report
Form 4
LEE GORDON F
DirectorCEO, CFO10% Owner
Transactions
- Award
common stock, $.0001 par value
2004-01-14$0.03/sh+10,000,000$300,000→ 159,400,000 total - Award
Options to purchase common stock
2004-01-14+10,000,000→ 10,000,000 totalExercise: $0.03From: 2004-01-14Exp: 2008-12-03→ common stock (10,000,000 underlying)
Footnotes (2)
- [F1]10,000,000 shares were issued to Gordon Lee on or about January 14, 2004 for services rendered as CEO and CFO of Bentley from July 1, 2003 to April 30, 2004. Pursuant to his employment agreement with the Company, Mr. Lee is entitled to $30,000.00 per month, payable in cash or common stock. These shares were valued at $300,000.00 or $.03 per share. In addition to his salary, Mr. Lee was granted an option to purchase 10,000,000 shares of the Company's common stock at an exercise price of $.03 per share.
- [F2]This number has been adjusted to account for the Company's 20% dividend, effective November 5, 2003.