NEWS COMMUNICATIONS INC 4
4 · NEWS COMMUNICATIONS INC · Filed Feb 17, 2005
Insider Transaction Report
Form 4
DAVIS J MORTON
10% Owner
Transactions
- Conversion
Common Stock
2005-02-15$0.70/sh+375,139$262,597→ 2,830,139 total(indirect: By Blair Investment) - Conversion
8% Convertible Note
2005-02-15$262597.00/sh−262,597$68,957,184,409→ 0 total(indirect: By Blair Investment)Exercise: $0.70→ Common Stock (375,139 underlying)
Holdings
- 129,567
Common Stock
- 711,633(indirect: By Spouse)
Common Stock
- 5,900(indirect: By Blair Investment)
$10.00 Convertible Preferred Stock
Exercise: $2.41→ Common Stock (24,506 underlying) - 150,000(indirect: By Blair Investment)
Warrant
Exercise: $1.00Exp: 2006-06-04→ Common Stock (150,000 underlying) - 126,000(indirect: By Spouse)
Convertible Note
Exercise: $0.70Exp: 2006-07-20→ Common Stock (180,000 underlying)
Footnotes (5)
- [F1]Exercisable immediately
- [F2]Was converted.
- [F3]No expiration
- [F4]These transactions were made by D.H. Blair Investment Banking Corp. ("Blair Investment"), a broker-dealer owned by J. Morton Davis, who is Chairman.
- [F5]Rosalind Davidowitz is Mr. Davis' wife, and this statement shall not be deemed an admission that Mr. Davis is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Mr. Davis expressly disclaims beneficial ownership of these securities.