MACC PRIVATE EQUITIES INC 4
4 · MACC PRIVATE EQUITIES INC · Filed Jul 27, 2005
Insider Transaction Report
Form 4
WOOLLEY GEOFFREY
Director
Transactions
- Purchase
Common Stock
2005-07-25$2.50/sh+135,366$338,415→ 151,314 total - Conversion
Convertible Note
2005-07-25−135,366→ 0 totalExercise: $2.50→ Common
Footnotes (1)
- [F1]Mr. Woolley entered into an Amended and Restated Convertible Note and Security Agreement ("Note") on July 20, 2005 with MACC Private Equities Inc. ("Issuer"), under which Mr. Woolley had the option to convert any debt and interest accrued thereunder into shares of common stock of the Issuer. The maturity date of the Note was December 31, 2007. Mr. Woolley elected to convert all debt under the Note on July 25, 2005, thereby canceling the Note upon the Issuer's issuance of the 135,366 shares.