SAVARD SERGE 4
4 · BIOSYNTECH INC · Filed Sep 5, 2003
Insider Transaction Report
Form 4
BIOSYNTECH INCBSYI.OB
SAVARD SERGE
Director
Transactions
- Purchase
Common Stock, $.001 par value
2003-08-29$0.33/sh+324,000$106,920→ 563,000 total(indirect: By controlled company) - Purchase
Warrants to purchase Common Stock
2003-08-29$0.33/sh+324,000$106,920→ 324,000 total(indirect: By controlled company)Exercise: $1.00From: 2003-08-29Exp: 2005-02-28→ Common Stock, $.001 par value (324,000 underlying)
Footnotes (2)
- [F1]Purchased as part of a Unit at a purchase price of $1,000.00 per Unit which closed on August 29, 2003. One Unit represents 3,000 shares of Common Stock and 3,000 Warrants to purchase shares of Common Stock. Each Warrant is immediately exercisable at $1.00 per share of Common Stock and will terminate February 28, 2005.
- [F2]Consists of shares acquired by Les Entreprises Serge Savard Inc. ("Les Entreprises"), an entity owned by Reporting Person. Reporting Person is an executive officer of Les Entreprises. Reporting Person disclaims beneficial ownership of the shares held by Les Entreprises except to the extent of his pecuniary interest therein.