He exercised options in a CASHLESS transaction. He acquired 3,500,000 shares at .005 and paid for them by giving back 1,113,650 shares at the market price of .0157.
That's bullshit of course. No VPLM insider has ever dipped into his or her own pocket to purchase shares.
They only exercise extremely cheap, often re-priced, options and then dump as soon as they can, only occasionally filing Form 4s on time (or not at all, in some cases):
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