INNOVO GROUP INC 4
4 · INNOVO GROUP INC · Filed Sep 22, 2003
Insider Transaction Report
Form 4
INNOVO GROUP INCINNO
FURROW SAMUEL J JR
Interim CEO
Transactions
- Sale
Common Stock
2003-09-18$7.19/sh−219,054$1,574,998→ 900,050 total - Exercise of In-Money
Common Stock Warrants (right to buy)
2003-09-18$2.10/sh+530,946$1,114,987→ 0 totalExercise: $2.10From: 2000-12-01Exp: 2003-12-01→ Common Stock (530,946 underlying) - Exercise of In-Money
Common Stock
2003-09-18$7.19/sh+530,946$3,817,502→ 1,119,104 total
Footnotes (1)
- [F1]On September 18, 2003, the Reporting Person exercised certain warrants held for his account. Pursuant to the terms of the warrant agreement, the Reporting Person elected to pay the exercise price of the warrants by having the issuer withhold a number of shares equal to the exercise price.