AMBLER MICHAEL 4
4 · POWERLINX INC · Filed Apr 7, 2004
Insider Transaction Report
Form 4
POWERLINX INCPWLX
AMBLER MICHAEL
President
Transactions
- Award
Common Stock, $.001 par value
[F1]2004-04-05+4,876→ 1,484,376 total - Award
Class B Warrants (right to buy)
[F1][F2]2004-04-05+7,314→ 0 totalExp: 2006-05-15→ Common Stock (7,314 underlying) - Award
Series A Convertible Preferred
[F1][F2]2004-04-05+19,504→ 0 total→ Common Stock (19,504 underlying)
Holdings
- 780,000(indirect: By 401(k))
Common Stock, $.001 par value
- 0
Option (right to buy)
Exercise: $0.05From: 2003-01-03Exp: 2013-01-03→ Common Stock (2,096,600 underlying) - 0
Option (right to buy)
Exercise: $0.05From: 2003-03-14Exp: 2003-03-14→ Common Stock (6,750 underlying) - 0
Option (right to buy)
Exercise: $0.03From: 2003-06-18Exp: 2013-06-18→ Common Stock (11,250 underlying) - 0
Option (right to buy)
Exercise: $0.22From: 2003-09-30Exp: 2013-09-30→ Common Stock (4,545 underlying)
Footnotes (2)
- [F1]On March 19, 2004, we concluded our series A convertible preferred financing in which we issued 228,190 units consisting of (i) 1,825,520 shares of series A convertible preferred stock; (ii) Class B warrants to purchase 684,570 shares of common stock, and (iii) 456,380 shares of restricted common stock. We received an aggregate total of $1,825,520.
- [F2]Immediately Exercisable.
Signature
/s/ Martin A. Traber, Attorney-in-Fact for Michael Ambler|2004-04-07