Bucchere Salvatore J 4
4 · Omagine, Inc. · Filed Mar 10, 2010
Insider Transaction Report
Form 4
Omagine, Inc.OMAGD
Bucchere Salvatore J
Director
Transactions
- Disposition to Issuer
Common Stock
2010-03-04$0.04/sh−0.44$0→ 57,980 total
Footnotes (1)
- [F1]The four-tenths of one share disposed of represents the compulsory disposition of a fraction of one (1) share of the Issuer's Common Stock owned by the Reporting Person resulting from the 100-for-1 reverse split and subsequent 1-for-20 forward split (the "Stock Splits") effected on December 30, 2009. In lieu of issuing any fractional shares resulting from the Stock Splits, the Issuer shall distribute a cash payment for all such fractional shares to the owners thereof following the aggregation and sale by the Issuer's transfer agent of all fractional shares resulting from the Stock Splits. The sale of all such fractional shares was consummated on March 4, 2010. The number of shares of the Issuer's Common Stock being reported in Column 5 gives effect to the Stock Splits and the compulsory dispostion by the Reporting Person of four-tenths share.