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Strategies & Market Trends : Whodunit? CHST CREATIVE HOST SVCS market manipulation -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (61)6/16/2000 3:27:00 PM
From: StockDung  Respond to of 193
 
It bleeds



To: Sir Auric Goldfinger who wrote (61)6/16/2000 3:37:00 PM
From: StockDung  Read Replies (3) | Respond to of 193
 
SELLING SECURITYHOLDERS
The shares of Common Stock being offered by the Selling Securityholders
are issuable to them upon the exercise of stock options granted or to be
granted to them under CHST's 1997 Stock Option Plan. As of the date of this
Prospectus, a total of 209,000 stock options have been granted under the
Plan, 50,000 of which have been exercised, and 71,000 stock options remain
authorized and not yet granted. The following table set forth certain
information with respect to the outstanding stock options under the Plan as
of June 9, 2000. Beneficial ownership of the Common Stock by such Selling
Securityholders after this offering will depend on the number of stock
options exercised by them and the number of shares of Common Stock sold by
each Selling Securityholder. <TABLE><CAPTION>
NAME OF STOCK POSITION NO. OF STOCK EXERCISE VESTING EXPIRATION
OPTION HOLDER WITH COMPANY OPTIONS OWNED PRICE SCHEDULE DATE
------------- ------------ ------------- -------- -------- ----------
<S> <C> <C> <C> <C> <C>
Sayed Ali Chairman of the 20,000 (4) $3.30 (2) Vested January 1, 2003
Board of Directors and President
20,000 $3.30 (2) Vested January 1, 2004
20,000 $3.30 (2) Vested January 1, 2005
15,000 $4.25 (2) Vested October 27, 2003
10,000 (5) $1.02 (2) Vested October 18, 2004
Booker T. Graves Director 10,000 $3.875(1) Vested October 27, 2003
15,000 (6) $0.93 (1) Vested October 18, 2004
John P. Donohue, Jr. Director 10,000 $3.875(1) Vested October 27, 2003
15,000 $0.93 (1) Vested October 18, 2004
Charles B. Radloff Director 15,000 (7) $0.93 (1) Vested October 18, 2004
Tasneem Vakharia Secretary 35,000 $3.875(1) Vested October 27, 2003
10,000 (8) $0.93 (1) Vested October 18, 2004
Shawn Smith Director of 1,500 $1.28 (1) 500: 7/1/1999 (9)
Field Operations 500: 1/1/2000 (9)
500: 1/1/2001 (9)
James Horsey Area Manager 1,000 $7.875(1) 500: 8/15/2000 (9)
500: 2/15/2001 (9)
Willam Albee Controller 1,500 $6.00 (1) 500: 7/1/2000 (9)
500: 12/31/2000 (9)
500: 7/1/2001 (9)
</TABLE> -7-<PAGE><TABLE>
<S> <C> <C> <C> <C> <C>
Paul Karas Prior Director 10,000 $3.875(3) Vested August 19, 2000
</TABLE> -------------------------------------
(1) Equals the fair market value of the Common Stock of CHST on the date of the
grant of the stock option.
(2) Equals 110% of the fair market value of the common stock of CHST on the
date of the grant of the stock option.
(3) Upon Mr. Karas's resignation from the Board of Directors on August 19,
1999, the Company agreed to extend the exercise period on those options
until August 19, 2000.
(4) Mr. Ali exercised 10,000 of these stock options in May 2000.
(5) Mr. Ali exercised these stock options in March 2000.
(6) Mr. Graves exercised 10,000 of these stock options in March 2000.
(7) Mr. Radloff exercised these stock options in May 2000.
(8) Ms. Vakharia exercised 5,000 of these stock options in March 2000.
(9) All of these stock options have an exercise period of ten years from the
date of vesting.