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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Mickens Michael 		2. Issuer Name and Ticker or Trading Symbol

ETRIALS WORLDWIDE INC. [ ETWC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP Sales & Client Services
(Last)          (First)          (Middle)

C/O ETRIALS WORLDWIDE, INC., 4000 AERIAL CENTER PARKWAY 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/9/2009
(Street)

MORRISVILLE,, NC 27560
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   3/9/2009     A    26087   (1) A $.0001   37160   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Employee Stock Options (right to buy)   $2.47                     (2) 2/20/2018   Common Stock   50000     50000   D  
 
Employee Stock Options (right to buy)   $1.54                     (3) 8/15/2018   Common Stock   50000     50000   D  
 

Explanation of Responses:
( 1)  On March 9, 2009, the Company's Board of Directors approved a grant of 26,087 restricted shares of our Common Stock for a purchase price of $0.0001 per share subject to the terms of the Company's 2005 Performance Equity Plan. Until such shares are vested, the Company has the right to repurchase the restricted shares at the purchase price for which the shares were issued. Subject to accelerated vesting as described in the Restricted Stock Agreement, these restricted shares vest in equal quarterly installments on the 9th day of March, June, September and December, commencing March 9, 2009, until all the shares are fully vested.
( 2)  Represents a five-year Options to Purchase 50,000 shares granted on February 20, 2008, of which 12,500 shares vest annually and become exercisable commencing on the 20th day of February 2009, 2010, 2011 and 2012.
( 3)  Represents Options to Purchase 50,000 shares approved by the Board of Directors on July 30, 2008, but with an option price effective August 15, 2008, of which 3,125 shares vest quarterly in sixteen equal installments over four years on the 15th day of November, February, May and August, commencing on November 15, 2008.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Mickens Michael
C/O ETRIALS WORLDWIDE, INC.
4000 AERIAL CENTER PARKWAY
MORRISVILLE,, NC 27560

VP Sales & Client Services

Signatures
/s/ Michael Mickens 5/8/2009
** Signature of Reporting Person 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 control number.
Etrials Worldwide (MM) (NASDAQ:ETWC)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Etrials Worldwide (MM) Charts.
Etrials Worldwide (MM) (NASDAQ:ETWC)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Etrials Worldwide (MM) Charts.