4//SEC Filing
ENCLAVES GROUP INC 4
Accession 0000921895-05-001110
CIK 0001045260operating
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 7:32 PM ET
Size
10.0 KB
Accession
0000921895-05-001110
Insider Transaction Report
Form 4
ENCLAVES GROUP INCALLC.OB
HOMES FOR AMERICA HOLDINGS INC
10% Owner
Transactions
- Conversion
Enclaves Series B Convertible Preferred Stock
2005-07-08−6,000,000→ 0 totalExercise: $0.00→ Common Stock (0 underlying) - Conversion
Common Stock
2005-07-08+38,621,264,600→ 148,225,057,111 total
Footnotes (7)
- [F1]Homes For America Holdings, Inc. benefically owns 148,225,057,111 shares of Common Stock, including 41,440,201,370 shares of Common Stock and 106,784,855,741 shares issuable upon conversion of the 816,000 shares of Enclaves Series A Convertible Preferred Stock. Pursuant to a reincorporation merger between Alliance Towers, Inc. and the Issuer, effectuated on July 7, 2005, each share of Alliance Common Stock was converted into an equal number of shares of the Issuer, each outstanding share of Alliance Series A Preferred Stock was converted into an equal number of shares of Enclaves Series B Preferred Stock (which provides holders with the same rights previously afforded to the holders of Alliance Series A Preferred Stock) and each outstanding share of Alliance Series B Preferred Stock was converted into an equal number of shares of Enclaves Series A Preferred Stock (which provides holders with the same rights previously afforded to the holders of Alliance Series B Preferred Stock).
- [F2]The Form 3 dated April 27, 2005 reported the beneficial ownership of the Reporting Person as 2,818,936,770 rather than 148,225,057,111 because at the time the Company had no authorized but unissued common stock.
- [F3]Pursuant to a reincorporation merger between Alliance Towers, Inc. and the Issuer, effectuated on July 7, 2005, each outstanding share of Alliance Series A Preferred Stock was converted into an equal number of shares of Enclaves Series B Preferred Stock (which provides holders with the same rights previously afforded to the holders of Alliance Series A Preferred Stock).
- [F4]Each share of Enclaves Series B Convertible Preferred Stock is convertible, at any time, at the option of the holder, into 6439.937433 shares of Common Stock.
- [F5]Enclaves Series B Preferred Stock is convertible at any time, provided that there is sufficient authorized Common Stock.
- [F6]There is no expiration date associated with this series of preferred stock.
- [F7]Six million shares of Enclaves Series B Convertible Preferred Stock were converted into 38,621,264,600 shares of Common Stock.
Documents
Issuer
ENCLAVES GROUP INC
CIK 0001045260
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001045260
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 7:32 PM ET
- Size
- 10.0 KB