Home > Insider Trading > Filing (0001144204-11-016366)

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
1501706	K Michael Clark	State Road 405, Building M6-306A Room 1400 Kennedy Space Center FL 32815		Yes	No	No	Yes

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	1,333,334	$0.08	11,881,858	No	4	P	Direct
Common Stock, Par Value $0.00001 Per Share	Acquisiton	2010-12-27	3,333,333	$0.08	10,548,524	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
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	666,667	$0.00	666,667	$0.21
Common	Common Stock Options	Acquisiton	2010-12-27	1,333,334	$0.00	1,333,334	$0.09

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
666,667	2011-01-31		No	4	P	Direct
1,333,334	2010-12-27		No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.00001 Per Share	60,000	Indirect	See Footnote

Footnotes

On January 31, 2011, Mr. Clark purchased 1,333,334 shares of Common Stock at $.075 and received Common Stock Purchase Warrants (the "Warrants") to purchase 666,667 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. Clark received an option (the "Clark Option") to purchase 1,333,334 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 Clark Option, pursuant to an Option Agreement. The Clark Option is fully vested and is exercisable until the earlier of three years from the effective date of the Clark Option or 90 days after the termination of Mr. Clark's membership on the Company's Board of Directors.