COMFORCE CORP 4
4 · COMFORCE CORP · Filed Jun 5, 2007
Insider Transaction Report
Form 4
FANNING JOHN C
DirectorChairman & CEO10% Owner
Transactions
- Other
8% Convertible Note
2007-06-01$50085.00/sh+50,085$2,508,507,225→ 1,302,205 total(indirect: By Trust)Exercise: $1.70From: 2007-06-01Exp: 2009-12-02→ Common or Preferred Stock (29,462 underlying)
Footnotes (1)
- [F1]The amount in column 5 represents the dollar amount of paid-in-kind (PIK) interest. The 8% Convertible Notes are convertible into common shares at $1.70 per share or, in certain circumstances, into shares of any equivalent non-voting preferred stock to be created which, in turn, is convertible into common shares on the same basis. The number of shares indicated in column 7 is the ultimate number of shares of common stock in respect of the reported transaction into which the 8% Convertible Notes are convertible at the stated conversion rate.