Gary S. Baughman,, a director of Ominto, Inc., just received 30,000 options from the company. The strike price of the options received was $4.00, and these expire on June 06, 2024. Baughman, now owns at least 50,000 options on the company.
Some additional info was provided as follows:
Reflects increase in exercise price as determined by the Issuer's Board of Directors.
Option vests as follows: 5,000 options vested on the grant date, the remaining shares vest at a rate of 1/30 per month.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whe never Ominto, Inc. makes a similar move, sign up!