Elwes Timothy 4
4 · TERREMARK WORLDWIDE INC · Filed Jan 6, 2006
Insider Transaction Report
Form 4
Elwes Timothy
Director
Transactions
- Gift
Common Stock, par value $.001 per share
2006-01-05+200,000→ 237,500 total - Purchase
Stock Option (right to buy)
2005-01-21$6.30/sh+0$0→ 37,500 totalExercise: $0.63From: 2005-01-21Exp: 2006-07-22→ Common Stock (41,500 underlying)
Footnotes (3)
- [F1]The Stock Options become exercisable in accordance with the following vesting schedule: a specified amount of shares granted for purchase under the Stock Option, subject to adjustment to account for the Issuer's one for ten reverse stock split, vest after each meeting of the board of directors of the Issuer attended by the Reporting Person on or after January 21, 2005 with any unvested shares forfeited on July 21, 2006.
- [F2]The share amounts reflect the Reporting Person's holdings after the Issuer's one for ten reverse stock split, effective as of May 16, 2005.
- [F3]The price reflects the exercise price of the Stock Options after the Issuer's one for ten reverse stock split, effective as of May 16, 2005.