FRIDDELL GUY R III 4
4 · COOLSAVINGS INC · Filed May 16, 2005
Insider Transaction Report
Form 4
COOLSAVINGS INCcsav
FRIDDELL GUY R III
Director
Transactions
- Exercise of In-Money
Warrant
2005-05-16−13,255,091→ 1,000 total(indirect: See footnote (3) under Table I)Exercise: $0.50From: 2005-05-16Exp: 2009-07-30→ Common Stock (13,255,091 underlying) - Exercise of In-Money
Common Stock
2005-05-16$0.50/sh+13,255,091$6,627,546→ 13,255,091 total(indirect: See footnote)
Footnotes (3)
- [F1]On May 16, 2005, Landmark Communications, Inc. ("Landmark") exercised, in part, a warrant and acquired 13,255,091 shares of Common Stock of the Issuer (the exercise of such warrant and the acquisition of such shares of Common Stock being reported herein).
- [F2]Does not include (i) 10,889,636 shares of Common Stock of the Issuer held by Landmark Ventures VII, LLC ("Ventures"), which is an indirect wholly-owned subsidiary of Landmark, or (ii) 179,769,008 shares of Series B Convertible Preferred Stock of the Issuer held by Ventures.
- [F3]Landmark owns the Common Stock reported herein (and the warrant pursuant to which such Common Stock was acquired). 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 the Common Stock owned by Landmark and reported herein. Each of Messrs. Friddell, Quist, Fiveash and Alston disclaims beneficial ownership of all such Common Stock except to the extent of his respective indirect pecuniary interest therein, if any.