ASD SYSTEMS INC 4
4 · ASD SYSTEMS INC · Filed Dec 10, 1999
Insider Transaction Report
Form 4
Transactions
- Conversion
Common stock, par value $.0001
1999-11-29$2.94/sh+865,800$2,545,452→ 1,615,800 total
Footnotes (4)
- [1]Represents shares of the Issuer's common stock acquired by the Reporting Person as a result of the Issuer's Initial Public Offering ("IPO"). The Reporting Person previously held 370,370 shares of the Issuer's Series A Preferred Stock which were converted into 750,000 shares of the Issuer's common stock upon the pricing of the IPO. The number of shares of common stock into which the shares of Series A Preferred Stock would convert was contingent upon the pricing of the Issuer's common stock in connection with the IPO.
- [2]Represents the date on which the Exercise Price of the Warrant was set. The Exercise Price was, pursuant to the terms of the Warrant, contingent upon the pricing of the Issuer's common stock in connection with the IPO. The Warrant was originally issued to the Reporting Person on August 23, 1999.
- [3]The Warrant was issued by the Issuer to the Reporting Person in connection with the purchase by the Reporting Person of shares of the Issuer's Series A Preferred Stock and Series B Preferred Stock.
- [4]On November 29, 1999, the Reporting Person exercised its Warrant in full in accordance with the cashless exercise feature of the Warrant and, as a result, acquired a net of 865,800 shares of the Issuer's common stock.