Yes, John T. Gerlach, Director, acquired (means he paid
cash out of his pocket) 2,500 at $4.60 on 7/7/2000. He owns
now 6,500 shares, after the buy. He also has 92,000 options
exercisable at $11.625, starting 9/15/2001, expiring
9/15/2006. (there is also an "empty" list at other exercise
prices, so I assume there are no options there anymore:
$3.11, $8.50, $11.625 - some of those seem to have been
exercised on 7/12/1999 at $28.8217-$29.0635)
nasdaq.com`&selected=MSGI
secinfo.com
No, Stephen Killeen, Director and President did
not "exercise" 400,000 options at $4.50 on 7/7/2000. He
just "acquired" 400,000 options, exercisable at "various"
times, expiring 7/7/2010. (Incidentally, the same number of
options that Mullen, former President was granted last
year). Could be some of the dates to exercise start in
short term, but that may be unusual, (unless there is
an "escape" clause/parachute, like for Mullen). It is
however impressive that he managed to negotiate a deal
where his options grant was substantially delayed relative
to his initiation at MSGI and WE, in February (2/29/2000)
(price closed at $26.50), until current prices prevailed.
Nice procrastination! Not so shrewd a move for the CFO Rudy
Howard and his 200,000 options, exercisable at $17.625,
hired in February (2/7/2000), only 3 weeks earlier! I doubt
happiness abounds in some quarters.
nasdaq.com`&selected=MSGI
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Killeen Stephen
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(Last) (First) (Middle)
6 Kennedy Lane
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(Street)
Southborough MA 01772
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(City) (State) (Zip)
MARKETING SERVICES GROUP, INC. (NASDAQ:MSGI)
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2. Issuer Name and Ticker or Trading Symbol
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
July 2000
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4. Statement for Month/Year
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
President
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
(Over)
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Options $4.50 07/07/00 A 400,000 (A) Various 07/07/10 Common 400,000 $4.50 400,000 D
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Explanation of Responses:
/s/ Stephen Killeen 08/10/00
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 2
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End of Filing |
