DARVILLE ROBERT WAYNE 4
4 · NCT GROUP INC · Filed Aug 1, 2005
Insider Transaction Report
Form 4
NCT GROUP INCNCTI
DARVILLE ROBERT WAYNE
COO, Artera Group, Inc.
Transactions
- Conversion
Common Stock
2005-07-28$0.02/sh+3,015,834$63,333→ 3,135,834 total
Footnotes (1)
- [F1]The reporting person converted 63.33252 shares of NCT Series I Convertible Preferred Stock into 3,015,834 shares of NCT common stock based upon the fixed conversion price of $0.021. The reporting person acquired the shares of Series I Convertible Preferred Stock on 03/22/05 in exchange for the forgiveness of accrued but unpaid incentive cash bonus amounts of $63,332.52 (after tax withholding).