GLOBAL INTELLICOM INC 3
3 · GLOBAL INTELLICOM INC · Filed Mar 26, 1999
Insider Transaction Report
Form 3
No transactions or holdings reported in this filing.
Footnotes (1)
- [2]Reporting Person owns 25 shares of Series 11 Convertible Preferred Stock, having a liquidation preference of $1,000 per share. The number of shares of Common Stock is determined by dividing the liquidation preference of the shares being converted (plus any accrued but unpaid dividends) by a conversion price, which is the closing bid price of the Common Stock for the trading day immediately preceding the date of conversion. As of March 17, 1999, for example, the conversion rate was $0.4375, and the 25 shares of Convertible Preferred Stock would have converted into 57,143 shares of Common Stock. The exact conversion price and the number of shares of Common Stock into which the Convertible Preferred Stock can be converted, however, can not be specified until the conversion date. /s/ David Sims 3/25/99 --------------------------------------- -------------------------- David Sims, Director of Navigator Management Ltd., President of Livingstone Asset Management, Investment Advisor to Dominion Capital Fund Limited **