TEITELBAUM WILLIAM A 4
4 · GVI SECURITY SOLUTIONS INC · Filed Jan 6, 2005
Insider Transaction Report
Form 4
GVI SECURITY SOLUTIONS INCGVIS.OB
TEITELBAUM WILLIAM A
10% Owner
Transactions
- Other
Common Stock, $.001 par value per share
2005-01-04$1.50/sh−6,666,667$10,000,001→ 7,477,265 total
Footnotes (1)
- [F1]On December 27, 2004, GVI Security Solutions, Inc. completed a private placement of approximately 22,620,000 shares of common stock at a price of $1.50 per share, for aggregate consideration of $33.9 million. Pursuant to the Settlement Agreement and General Release, dated as of October 13, 2004, by and among the Issuer, GVI Security, Inc., a Delaware Corporation, the Reporting Person and Alarmax Distributors, Inc., on January 4, 2005, the Issuer repurchased 6,666,667 shares of common stock for $1.50 per share or aggregate consideration of $10,000,000.