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4//SEC Filing

NCT GROUP INC 4

Accession 0000722051-06-000118

CIK 0000722051operating
View on SEC.govCompany Profile

Filed

Jun 27, 8:00 PM ET

Accepted

Jun 28, 3:42 PM ET

Size

10.7 KB

Accession

0000722051-06-000118

Insider Transaction Report

Form 4
Period: 2006-06-23
NCT GROUP INCNCTI
ACME ASSOCIATES INC
10% Owner
Transactions
  • Purchase

    8% Convertible Note

    2006-06-23+515,000,000→ 515,000,000 total
    Exercise: $0.01From: 2006-06-23→ Common Stock (515,000,000 underlying)
  • Purchase

    8% Convertible Note

    2006-06-23+55,000,000→ 55,000,000 total
    Exercise: $0.01From: 2006-06-23→ Common Stock (55,000,000 underlying)
SALKIND CAROLE
10% Owner
Transactions
  • Purchase

    8% Convertible Note

    2006-06-23+55,000,000→ 55,000,000 total
    Exercise: $0.01From: 2006-06-23→ Common Stock (55,000,000 underlying)
  • Purchase

    8% Convertible Note

    2006-06-23+515,000,000→ 515,000,000 total
    Exercise: $0.01From: 2006-06-23→ Common Stock (515,000,000 underlying)
Footnotes (7)
  • [F1]Note is due to Carole Salkind upon demand, but in no event later than 12/23/06, and is in the principal amount of $550,000.
  • [F2]Note along with accrued interest is convertible into shares of common stock at any time between note issuance and date of note discharge.
  • [F3]The conversion price is the greater of: (a) the lowest last sale price of NCT's common stock during the five-day period comprised of the date of the note, date preceding and three dates following; or (b) the par value of NCT's common stock on the date the conversion notice is delivered to NCT.
  • [F4]Consideration paid for the note consisted of $300,000 in cash.
  • [F5]Note is due to Carole Salkind on 12/23/06 and is in the principal amount of $5,150,000.
  • [F6]The conversion price is the greater of: (a) $0.0018; or (b) the par value of NCT's common stock on the date the conversion notice is delivered to NCT.
  • [F7]Consideration paid for the note consisted of the cancellation and surrender of two notes dated 12/22/05 in the aggregate principal amount of $2,452,979.13 (including interest and other charges arising from such notes) and original issue discount of approximately 83% of this aggregate amount.

Documents

1 file

Issuer

NCT GROUP INC

CIK 0000722051

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000722051

Filing Metadata

Form type
4
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 3:42 PM ET
Size
10.7 KB
View on SEC.gov