SEC Form 4 · accession 0001432453-15-000003
NEW MEDIA INSIGHT GROUP, INC. · NMED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Hardy Palethorpe
Officer — President,CEO, CFO & Secretary · Director · 10% Owner
Period of report
May 1, 2013
Accepted (ET)
Jan 12, 2015 · 12:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001493040
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 8, 2014 | P | 8,500,000 | $0.001 | A | 8,500,000 | D | |
| Common Stock | Sep 8, 2014 | P | 8,500,000 | $0.001 | A | 17,000,000 | D | |
| Common Stock | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $0.75 | May 1, 2013 | J | 500,000 | A | Nov 30, 2013 | Nov 30, 2016 | Common Stock | 500,000 | 500,000 | D |
| Stock Options | $0.75 | Jan 1, 2014 | J | 1,125 | A | Jan 1, 2014 | Jan 1, 2017 | Common Stock | 1,125 | 501,125 | D |
| Stock Options | $0.75 | Feb 1, 2014 | J | 1,125 | A | Feb 1, 2014 | Feb 1, 2017 | Common Stock | 1,125 | 502,250 | D |
| Stock Options | $0.75 | Mar 1, 2014 | J | 1,125 | A | Mar 1, 2014 | Mar 1, 2017 | Common Stock | 1,125 | 503,375 | D |
| Stock Options | $0.75 | Apr 1, 2014 | J | 1,125 | A | Apr 1, 2014 | Apr 1, 2017 | Common Stock | 1,125 | 504,500 | D |
Explanation of responses
- F1Acquired 8,500,000 restricted common shares from a previous stockholder in exchange for $10,000.
- F2On April 1, 2013, we entered into an agreement with Mr. Palethorpe, effective May 1, 2013. Pursuant to the agreement, he will serve as our President and CEO in exchange for: 1. $6,000 per month; and 2. $6,000 per month in our common stock. He is also entitled to a stock option grant equal to 30% of his salary granted at the beginning of the year and vest equally over the year. The price of the options will be the FMV of our stock at the time the options are granted, exercisable into a common share at $0.75 and will expire after 3 years. Further, he is to receive 2,000,000 stock options vesting at the rate of 500,000 options every 6 months at an exercise price of $0.75 per share and expire after 3 years. On May 1, 2014, we entered into an amending agreement whereby we agreed to renew his agreement and suspend the grant of $6,000 in common stock. The vesting of stock options and the remainder of his 2,000,000 options have also been suspended as of April 30, 2014.