-----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, VbouJ0iniAX2I0MUZk+pLb/H4syNHncACwUtQm/Cb0YGlWBTzbdFUJikTOIyWlSq 73TJUsrB09PFIkYhGW0KyQ== 0001019687-08-001192.txt : 20080319 0001019687-08-001192.hdr.sgml : 20080319 20080319211024 ACCESSION NUMBER: 0001019687-08-001192 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080317 FILED AS OF DATE: 20080319 DATE AS OF CHANGE: 20080319 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ILINC COMMUNICATIONS INC CENTRAL INDEX KEY: 0001042291 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 760545043 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 2999 NORTH 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 BUSINESS PHONE: 6029521200 MAIL ADDRESS: STREET 1: 2999 N 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 FORMER COMPANY: FORMER CONFORMED NAME: EDT LEARNING INC DATE OF NAME CHANGE: 20010814 FORMER COMPANY: FORMER CONFORMED NAME: E-DENTIST COM INC DATE OF NAME CHANGE: 20001114 FORMER COMPANY: FORMER CONFORMED NAME: PENTEGRA DENTAL GROUP INC DATE OF NAME CHANGE: 19970822 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: POWERS JAMES M JR CENTRAL INDEX KEY: 0001197566 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13725 FILM NUMBER: 08700586 BUSINESS ADDRESS: BUSINESS PHONE: 4804511020 MAIL ADDRESS: STREET 1: 10140 EAST CHARTER OAK CITY: SCOTTSDALE STATE: AZ ZIP: 85260 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2008-03-17 0001042291 ILINC COMMUNICATIONS INC ILC 0001197566 POWERS JAMES M JR 2999 N. 44TH ST, SUITE 650 PHOENIX AZ 85018 1 1 0 0 Chairman, President and CEO Performance Rights (restricted stock grant) 2008-03-17 4 A 0 500000 0 A Common Stock 500000 500000 D Employee Incentive Stock Option (right to buy) .28 2008-03-17 4 A 0 500000 0 A 2018-03-17 Common Stock 500000 500000 D Awarded pursuant to a Restricted Stock Award Agreement dated 3/17/08 under the terms of the Company's Stock Compensation Plan, as amended (the "Plan"). The Shares to vest as follows: 1/3 vested when the average closing sales price for iLinc's common stock over 10 consecutive trading days ("10-Day Average") equals or exceeds $1.00 or a Sales Transaction occurs in which the imputed price per share of iLinc's common stock (as determined by the Board of Directors, the "Imputed Price") equals or exceeds $1.00 per share; 1/3 vested when the 10-Day Average equals or exceeds $1.25 or a Sales Transaction occurs in which the Imputed Price equals or exceeds $1.25 per share; and the remaining 1/3 vested when the 10-Day Average equals or exceeds $1.50 or a Sales Transaction occurs in which the Imputed Price equals or exceeds $1.50 per share. No termination date is set under the Restricted Stock Award Agreement. On the date that is six months from the Date of Grant, twenty-five percent (25.000%) of the options granted shall be vested; and thereafter beginning on October 1, 2008 one thirty-sixth (1/36) of the remaining portion shall vest on the first day of each month, from month to month, until fully vested. The stock options shall fully (100%) vest upon a Change of Control as defined in the Plan. /s/ James L. Dunn, Jr., as attorney-in-fact for James M. Powers, Jr. 2008-03-19 -----END PRIVACY-ENHANCED MESSAGE-----