Revolutionary Concepts Inc (fka REVO)

[Toolan]

He sold:

Box 3: The transaction type, according to a set of codes. S = "open market or private sale" while M = "exercise or conversion of derivative security exempted pursuant to Rule 16b-3" which means a particular kind of option in this case. Other common codes are A for "grant award" and P for "purchase." Exact meanings of the various codes are found on page 6 of the Form 4 instructions (opens a PDF file).
Box 4: This is divided into 3 parts. First is the number of shares, in this case 750,000 (lines 1 and 2) and 350,162 (lines 3 and 4). Then comes a notation on being acquired (A) or disposed of (D), that is, sold. In this case, as these are options being exercised, first the shares are acquired (lines 1 and 3) and then sold (lines 2 and 4). Last, the price is listed. For the options, it is the exercise price. For sales, it's either the actual sale price or an average price. That's the case here (see Footnote 2, which is referenced here in lines 2 and 4).
- See more at: http://wiki.fool.com/Form_4#sthash.NfyoTuzz.dpuf