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17yr_man

07/22/15 6:52 PM

#38983 RE: chadjordanw #38982

My recollection is that he came on board getting 1m shares and then another 1m at risk and subject to the achievement of milestones - I may be wrong.

Eli's Gone

07/22/15 7:06 PM

#38984 RE: chadjordanw #38982

My take on Esposito's holdings/options:

1.Came on board as a Director in Feb 2014:

was already a holder of 1M shares at that point-either via the open market or more likely a private placement prior to his appointment... http://www.sec.gov/Archives/edgar/data/753772/000117911014004617/xslF345X02/edgar.xml

Total: 1M shares

2. Was awarded 2M options upon Director appointment @ .1095

http://www.sec.gov/Archives/edgar/data/753772/000118518514000434/medizone8k022614.htm

1M of these vested in Feb 2015---the other 1M vested in 250K tranches based on commercial milestones---none of these have been exercised....

Total: 1M shares..1M options vested..1M options unvested

3. Bought 440K @.085 as part of this private placement:

During March 2014, the Company sold an aggregate of 7,050,000 restricted shares of common stock to 16 accredited investors for cash proceeds totaling $599,250, or $0.085 per share.

http://www.sec.gov/Archives/edgar/data/753772/000117911014006434/xslF345X03/edgar.xml

Total: 1.44M shares...2M options

4. My guess on his last Form 4 filing: bought 1M shares @ .05 in a private placement--details will be in the next filing...

http://www.sec.gov/Archives/edgar/data/753772/000117911015010323/xslF345X03/edgar.xml

Total: 2.44M shares..2M options