-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S2hzcL701o5hpd4e9RpOvvY2HQi+cSkO35zsL4s/92twcnz7EckS+wm5NSbsC+ab QXl+VIV9y/5tyCwWJ3/BzA== 0001144204-05-029918.txt : 20050926 0001144204-05-029918.hdr.sgml : 20050926 20050926190223 ACCESSION NUMBER: 0001144204-05-029918 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050922 FILED AS OF DATE: 20050926 DATE AS OF CHANGE: 20050926 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MARKET CENTRAL INC CENTRAL INDEX KEY: 0001043933 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 593562953 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1650A GUM BRANCH RD CITY: JACKSONVILLE STATE: NC ZIP: 32830 BUSINESS PHONE: 704-837-0500 MAIL ADDRESS: STREET 1: 6701 CARMEL ROAD STREET 2: SUITE 205 CITY: CHARLOTTE STATE: NC ZIP: 28226 FORMER COMPANY: FORMER CONFORMED NAME: PALADYNE CORP DATE OF NAME CHANGE: 19990324 FORMER COMPANY: FORMER CONFORMED NAME: SYNAPTX WORLDWIDE INC DATE OF NAME CHANGE: 19970807 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bryant Doyal Gene Jr CENTRAL INDEX KEY: 0001320894 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22969 FILM NUMBER: 051103762 BUSINESS ADDRESS: BUSINESS PHONE: 704-543-9384 MAIL ADDRESS: STREET 1: 10832 JORDAN REA LANE CITY: CHARLOTTE STATE: NC ZIP: 28277 4 1 v026297_ex.xml X0202 4 2005-09-22 0 0001043933 MARKET CENTRAL INC MKTE.OB 0001320894 Bryant Doyal Gene Jr 6701 CARMEL ROAD, SUITE 205 CHARLOTTE NC 28226 1 1 0 0 CEO and President Employee Stock Option (right to buy) 1.35 2005-09-22 4 A 0 300000 1.35 A 2010-09-21 Common Stock 300000 300000 D Employee Stock Option (right to buy) 2.00 2005-09-22 4 A 0 1000000 2.00 A 2008-10-07 Common Stock 1000000 1000000 D Employee Stock Option (right to buy) 2.25 2005-09-22 4 A 0 1000000 2.25 A 2008-10-07 Common Stock 1000000 1000000 D Employee Stock Option (right to buy) 2.50 2005-09-22 4 A 0 1000000 2.50 A 2008-10-07 Common Stock 1000000 1000000 D The option vests in three equal annual installments beginning on 9/22/05, subject to accelerated vesting upon a change in control The reported transaction involved the amendment to an existing option which was originally granted on 10/08/04 and which provided for vesting based on four equal annual installments and price targets for the common stock. On September 22, 2005, the option was amended so that all of the shares are fully vested. The reported transaction involved the amendment to an existing option which was originally granted on 10/08/04 and which provided for vesting based on four equal annual installments and price targets for the common stock. On September 22, 2005, the option was amended so that 666,667 shares are fully vested, and 333,333 shares shall vest on 9/22/06, subject to accelerated vesting upon a change in control. The reported transaction involved the amendment to an existing option which was originally granted on 10/08/04 and which provided for vesting after the stock of the Company traded at over $10.00 for ten consecutive trading days. On September 22, 2005, the option was amended to provide that 333,334 shares shall vest on 9/22/06 and 666,666 shares shall vest on 9/22/07, subject to accelerated vesting upon a change in control. /s/ Gerald L. Baxter by power of attorney 2005-09-26 -----END PRIVACY-ENHANCED MESSAGE-----