4//SEC Filing
MURRAY FRANCIS W 4
Accession 0000320573-06-000004
CIK 0000320573other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:26 PM ET
Size
8.8 KB
Accession
0000320573-06-000004
Insider Transaction Report
Form 4
MURRAY FRANCIS W
DirectorCEO,President10% Owner
Transactions
- Purchase
Series B Convertible Preferred Stock
2005-12-29$15.00/sh+204,966$3,074,490→ 204,966 totalExercise: $1.96→ Common Stock (1,568,622 underlying) - Purchase
Warrants for Common Stock
2005-12-29+245,960→ 245,960 totalExercise: $3.25From: 2006-12-29Exp: 2009-12-29→ Common Stock (245,960 underlying)
Footnotes (3)
- [F1]Securities were issued at, $15.00 per share in payment of $3,074,490 of debt the company owed to Mr. Murray.
- [F2]The Series B Convertible Preferred Stock will automatically be converted into common stock upon the effective date of a Registration Statement covering the common shares issuable upon conversion. A Registration Statement on form S-1 has been filed on 12/30/05. The initial conversion price is $2.00 per share of common stock, declining by $.02 for each full calendar quarter elapsing from (andincluding) July 1, 2005 to the date on which the conversion shall occur. At December 31, 2005, when the conversion price would be $1.96, the number of shares of common stock issuable upon conversion of each share of Series B Preferred Stock would be 7.653 shares of common stock, determined by dividing $15 by $1.96.
- [F3]The common stock purchase warrants were issued to purchasers of the Series B Preferred Stock and may be exercised, beginning one year after issuance, at any time over the next three years, at an excercise price of $3.25 per share payable at the time of exercise.
Documents
Issuer
INTERNATIONAL THOROUGHBRED BREEDERS INC
CIK 0000320573
Entity typeother
Related Parties
1- filerCIK 0001130222
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:26 PM ET
- Size
- 8.8 KB