PARRELLA MICHAEL J 4
4 · NCT GROUP INC · Filed Aug 30, 2005
Insider Transaction Report
Form 4
NCT GROUP INCNCTI
PARRELLA MICHAEL J
DirectorChairman & CEO
Transactions
- Conversion
Common Stock
2005-08-26$0.02/sh+3,857,143$81,000→ 4,483,369 total(indirect: By Family) - Gift
Series I Convertible Preferred Stock
2005-08-26$0.02/sh−3,857,143$81,000→ 3,857,143 totalExercise: $0.02From: 2005-07-18→ Common Stock (3,857,143 underlying) - Conversion
Series I Convertible Preferred Stock
2005-08-26$0.02/sh−3,857,143$81,000→ 3,857,143 total(indirect: By Spouse)Exercise: $0.02From: 2005-07-18→ Common Stock (3,857,143 underlying)
Footnotes (2)
- [F1]The reporting person's spouse owns 4,470,036 shares of NCT common stock and his children own 13,333 shares of NCT common stock. The reporting person disclaims beneficial ownership as to these shares.
- [F2]The series I Convertible Preferred Stock is convertible beginning 7/18/05 (20 days after NCT stockholders approved an increase in the number of authorized shares of NCT common stock).