Z Trim Holdings, Inc - Statement of Changes in Beneficial Ownership (4)
09 Novembro 2007 - 8:09PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
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1. Name and Address of Reporting Person
*
Cohen Steve J
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2. Issuer Name
and
Ticker or Trading Symbol
Z TRIM HOLDINGS, INC
[
ZTM
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President
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(Last)
(First)
(Middle)
1011 CAMPUS DRIVE
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3. Date of Earliest Transaction
(MM/DD/YYYY)
3/22/2006
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(Street)
MUNDELEIN, IL 60060
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. 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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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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11/10/2006
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S
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14891
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D
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$1.00
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91
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D
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Common Stock
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6/14/2007
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M
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5000
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A
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$0.75
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5091
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I
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Held by Spouse
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Common Stock
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7/2/2007
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S
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5000
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D
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$1.10
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91
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I
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Held by Spouse
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (right to buy)
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$0.85
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3/22/2006
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A
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100000
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3/22/2006
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3/22/2009
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Common Stock
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100000
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$0
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100000
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D
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Employee Stock Option (right to buy)
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$1.06
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8/14/2006
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A
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600000
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8/14/2006
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8/14/2009
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Common Stock
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600000
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$0
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600000
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D
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Employee Stock Option (right to buy)
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$2.00
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8/14/2006
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D
(1)
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75000
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(1)
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1/2/2007
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Common Stock
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75000
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(1)
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0
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D
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Employee Stock Option (right to buy)
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$1.06
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8/14/2006
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A
(1)
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75000
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(1)
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1/2/2007
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Common Stock
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75000
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(1)
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75000
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D
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Employee Stock Option (right to buy)
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$0.75
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6/24/2007
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M
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5000
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11/17/2004
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11/17/2007
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Common Stock
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5000
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$0
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0
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I
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Held by Spouse
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Employee Stock Option (right to buy)
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$0.75
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9/28/2007
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D
(2)
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124309
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(2)
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11/17/2007
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Common Stock
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124309
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(2)
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0
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D
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Employee Stock Option (right to buy)
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$0.75
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9/28/2007
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A
(2)
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124309
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(2)
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11/17/2008
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Common Stock
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124309
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(2)
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124309
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D
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Employee Stock Option (right to buy)
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$2.00
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9/28/2007
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D
(3)
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85000
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(3)
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5/16/2008
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Common Stock
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85000
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(3)
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0
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D
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Employee Stock Option (right to buy)
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$2.00
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9/28/2007
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A
(3)
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85000
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(3)
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5/16/2009
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Common Stock
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85000
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(3)
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85000
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D
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Employee Stock Option (right to buy)
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$3.00
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9/28/2007
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D
(4)
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65000
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(4)
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5/16/2008
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Common Stock
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65000
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(4)
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0
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D
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Employee Stock Option (right to buy)
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$3.00
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9/28/2007
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A
(4)
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65000
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(4)
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5/16/2009
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Common Stock
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65000
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(4)
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65000
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D
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Employee Stock Option (right to buy)
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$1.00
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9/28/2007
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D
(5)
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250000
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(5)
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10/25/2008
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Common Stock
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250000
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(5)
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0
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D
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Employee Stock Option (right to buy)
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$1.00
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9/28/2007
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A
(5)
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250000
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(5)
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10/25/2009
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Common Stock
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250000
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(5)
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250000
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D
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Employee Stock Option (right to buy)
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$0.85
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9/28/2007
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D
(6)
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100000
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(6)
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3/22/2009
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Common Stock
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100000
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(6)
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0
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D
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Employee Stock Option (right to buy)
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$0.85
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9/28/2007
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A
(6)
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100000
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(6)
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3/22/2010
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Common Stock
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100000
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(6)
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100000
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D
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Employee Stock Option (right to buy)
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$1.06
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9/28/2007
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D
(7)
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600000
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(7)
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8/14/2009
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Common Stock
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600000
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(7)
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0
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D
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Employee Stock Option (right to buy)
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$1.06
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9/28/2007
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A
(7)
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600000
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(7)
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8/14/2010
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Common Stock
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600000
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(7)
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600000
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D
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Employee Stock Option (right to buy)
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$1.06
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9/28/2007
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D
(8)
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75000
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(8)
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1/2/2009
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Common Stock
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75000
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(8)
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0
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D
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Employee Stock Option (right to buy)
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$1.06
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9/28/2007
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A
(8)
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75000
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(8)
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1/2/2010
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Common Stock
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75000
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(8)
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75000
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D
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Explanation of Responses:
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(
1)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on January 2, 2004 and was
immediately exercisable.
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(
2)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on November 17, 2004 and was
immediately exercisable.
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(
3)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on May 16, 2005 and was
immediately exercisable.
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(
4)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on May 16, 2005 and was
immediately exercisable.
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(
5)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on October 25, 2005 and was
immediately exercisable.
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(
6)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on March 22, 2006 and was
immediately exercisable.
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(
7)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on August 14, 2006 and was
immediately exercisable.
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(
8)
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The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the
original option and the grant of a replacement option. The option was originally granted on August 14, 2006 and was
immediately exercisable.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Cohen Steve J
1011 CAMPUS DRIVE
MUNDELEIN, IL 60060
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X
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President
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Signatures
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Steve Cohen
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11/9/2007
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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