Sec Form 4 Filing - STOLLMAN ANDREW @ Atrinsic, Inc. - 2009-06-25

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
STOLLMAN ANDREW
2. Issuer Name and Ticker or Trading Symbol
Atrinsic, Inc. [ ATRN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)
C/O ATRINSIC, INC., 469 7TH AVENUE, 10TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
06/25/2009
(Street)
NEW YORK, NY10018
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 10.92 06/25/2009 D 300,000 ( 1 ) 02/04/2018 Common Stock 300,000 ( 2 ) 0 D
Restricted Stock Units ( 3 ) 06/25/2009 A 100,000 ( 4 ) ( 4 ) Common Stock 100,000 ( 2 ) 100,000 D
Restricted Stock Units ( 3 ) 06/25/2009 A 275,000 ( 5 ) ( 5 ) Common Stock 275,000 $ 0 275,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STOLLMAN ANDREW
C/O ATRINSIC, INC.
469 7TH AVENUE, 10TH FLOOR
NEW YORK, NY10018
President
Signatures
/s/ Andrew Stollman 06/30/2009
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The option vested with respect to 100,000 shares of common stock on 02/04/09; thereafter the option next vested with respect to 8,341 shares of common stock on 03/31/09; thereafter, the option was to vest with respect to the remaining 191,659 shares of common stock underlying the option, in 23 equal installments of 8,333 shares each on the last day of each calendar month during the 23 consecutive months commencing after 03/31/09.
( 2 )The option was canceled by mutual agreement of the reporting person and Atrinsic, Inc. The reporting person received 100,000 restricted stock units as consideration for the cancellation.
( 3 )Each restricted stock unit represents a contingent right to receive one share of Atrinsic, Inc. common stock.
( 4 )On each of December 31, 2009, 2010, and 2011, 30,000 restricted stock units will be eligible for vesting in accordance with quantitative measures and 3,333 restricted stock units will be eligible for vesting in accordance with other quantitative and/or qualitative measures, which measures will be established from time to time by the Compensation Committee of Atrinsic, Inc. Vested shares will be delivered to the reporting person as soon as practicable following the applicable vesting date.
( 5 )The restricted stock units shall each vest after the closing of trading on the date that the average per share trading price of Atrinsic, Inc. common stock during any period of 10 consecutive trading days equals or exceeds $7.50. Vested shares will be delivered to the reporting person as soon as practicable following the applicable vesting date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: 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 Number.