Home > Insider Trading > Filing (0001144204-11-006764)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
919742	Sanswire Corp.	SNSR	Telephone Communications (No Radiotelephone) (4813)	880292161

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1495058	Glenn Estrella	State Road 405 Building M6-306A, Room 1400 Kennedy Space Center FL 32815	President, Ceo And Director	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.00001 Per Share	Acquisiton	2011-01-31	333,334	$0.08	2,019,591	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common	Common Stock Purchase Warrants	Acquisiton	2011-01-31	166,667	$0.00	166,667	$0.21
Common	Common Stock Options	Acquisiton	2010-12-27	7,222,222	$0.00	7,222,222	$0.09
Common	Common Stock Purchase Warrants	Acquisiton	2010-11-10	666,667	$0.00	666,667	$0.21

Remaning Holdings	Exercise Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
166,667	2011-01-31	No	4	A	Direct
7,222,222	2010-12-27	No	4	A	Direct
666,667	2010-11-10	No	4	A	Direct

Footnotes

On December 27, 2010, the Company and Mr. Estrella entered an Agreement whereby Mr. Estrella and the Company agreed to rescind the issuance of 5,000,000 shares previously issued to Mr. Estrella.
On January 31, 2011, Mr. Estrella received Common Stock Purchase Warrants (the "Warrants") to purchase 166,667 shares of Common Stock, at a purchase price of $0.21 per share, which Warrants expire in three years. The Warrants are exercisable on a cashless basis.
On December 27, 2010, Mr. Estrella received an option (the "Estrella Option") to purchase 7,222,222 shares of Common Stock at an exercise price of $0.09 per share, which was the closing price of the Company's Common Stock on the date the Company's Board of Directors approved the issuance of the Estrella Option, pursuant to an Option Agreement. The Estrella Option is fully vested and is exercisable until the earlier of three years from the effective date of the Estrella Option or 90 days after the termination of Mr. Estrella's employment with the Company.
On November 10, 2010, Mr. Estrella received Common Stock Purchase Warrants (the "November 2010 Warrants") to purchase 666,667 shares of Common Stock, at a purchase price of $0.21 per share, which November 2010 Warrants expire in three years. The Warrants are exercisable on a cashless basis.