MERITAGE HOSPITALITY GROUP INC 4
4 · MERITAGE HOSPITALITY GROUP INC · Filed Sep 11, 2003
Insider Transaction Report
Form 4
MAGGINI JOSEPH L
Director10% Owner
Transactions
- Purchase
Common Stock
2003-09-10+166,666→ 415,765 total - Purchase
Common Stock Warrants (right to buy)
2003-09-10+83,333→ 83,333 totalExercise: $6.00→ Common Stock (83,333 underlying)
Footnotes (1)
- [F1]Mr. Maggini has entered into a contingent agreement to purchase 166,666 Meritage Units at $6.00 per Unit pursuant to a private equity offering. Each Unit consists of one Common Share, 0.5 Class A Warrants to purchase one Common Share at a price of $6.00 per share expiring six years from date of issuance, and 0.5 Class B Warrants to purchase one Common Share at a price of $9.00 per share expiring nine years from date of issuance. The Warrants are not exercisable until one year from the date of issuance.