HARTVILLE GROUP INC 4
4 · HARTVILLE GROUP INC · Filed Sep 19, 2007
Insider Transaction Report
Form 4
HARTVILLE GROUP INC(HTVL.OB)
ISLANDIA LP
10% Owner
Transactions
- Purchase
Common Stock Warrant
2007-09-17+8,438,818→ 8,438,818 totalExercise: $0.15From: 2007-09-17Exp: 2011-09-17→ Common Stock, $.001 par value (8,438,818 underlying) - Purchase
Convertible Debenture
2007-09-17$1000000.00/sh→ 8,438,818 totalExercise: $0.15From: 2007-09-17Exp: 2010-09-17→ Common Stock, $.001 par value (8,438,818 underlying)
Footnotes (3)
- [F1]The 8,438,818 shares are issuable upon the exercise of Warrants beneficially held by Islandia, L.P. that are exercisable within 60 days of the date hereof for shares of Common Stock of the Issuer at an exercise price of $0.15 per share.
- [F2]This Form 4 is filed jointly by Richard Berner, Edgar Berner, Thomas Berner, John Lang, Inc. ("John Lang") and Islandia L.P. ("Islandia"). The securities reported in this Form 4 are owned directly by Islandia and beneficially owned by John Lang by virtue of its being the general partner of Islandia, by Richard Berner by virtue of his position as the President of John Lang and by each of Edgar Berner and Thomas Berner by virtue of their positions as Vice Presidents of John Lang. Each of John Lang, Richard Berner, Edgar Berner and Thomas Berner disclaims beneficial ownership of the securities owned by Islandia except to the extent of their pecuniary interest therein.
- [F3]The 8,438,818 shares are issuable upon the conversion of a $1,265,822.75 Original Issue Discount Secured Convertible Debenture, due September 17, 2010 (inclusive of $265,822.75 prepaid interest of the principal amount), which is convertible within 60 days of the date hereof into shares of Common Stock of the Issuer at a conversion price of $0.15 per share.