Calypte Biomedical Corp (fka CBMC)

[bloodhound99]

Cato I beieve the point of the form 5 was to show that Ted Gwin owned NO Calypte stock on 1-19-2007.(I don't think he ever owned any.) The only minor point of interest was that the form said he was CFO on 1-19-2007 when filing said he resigned effective 1-12-2007.

The form 4 I believe is just to make sure last Friday that Roger Gale got the free stock promised under his employment agreement last summer. That is 1.5 million free shares plus the approximately 500,000 vested free shares of the 1.25 million total he was to get vested on a quarterly basis.

The total of 3.47 million shares owned confirms that Roger has decided it is time that the stock be in is hands available for sale, rather than just "promised" to him.

This is not a new 2 million he is giving himself.








He just wants to be "prepared" for whatever the future brings, good, bad, or routine.

Ever notice how their stock and employment agreements ALWAYS come first with Calypte management.