QUIST KARL B 4
4 · COOLSAVINGS INC · Filed Jan 31, 2005
Insider Transaction Report
Form 4
COOLSAVINGS INCcsav
FRIDDELL GUY R III
Director
Transactions
- Other
Warrant
2005-01-31+259,510→ 12,952,945 total(indirect: See footnote)Exercise: $0.50From: 2005-02-01Exp: 2009-07-30→ Common Stock (259,510 underlying)
Footnotes (3)
- [F1]Increases to $0.75 after July 31, 2005 if not sooner exercised.
- [F2]Under the terms of an Amended and Restated Loan Agreement dated as of July 30, 2001, as amended (the "Loan Agreement"), between the Issuer and Landmark Communications, Inc. ("Landmark") and a Common Stock Purchase Warrant issued to Landmark by the Issuer on November 12, 2001, interest on the loan outstanding under the Loan Agreement compounded on January 31, 2005, which, in turn, resulted in the grant to Landmark of warrants to purchase up to an additional 259,510 shares of the Issuer's Common Stock, par value $0.001 per share (such warrants being reported herein).
- [F3]Landmark owns the warrants reported herein. Messrs. Friddell, Quist, Fiveash and Alston (members of the Board of Directors of the Issuer) are each employees of Landmark and/or its affiliates and, as such, may each be deemed to have an indirect pecuniary interest (within Rule 16a-1 of the Exchange Act) in an indeterminate portion of the warrants owned by Landmark and reported herein. Each of Messrs. Friddell, Quist, Fiveash and Alston disclaims beneficial ownership of all such warrants except to the extent of his respective indirect pecuniary interest therein, if any.