LASKER BARRY D 4
4 · KESTREL ENERGY INC · Filed Aug 10, 2004
Insider Transaction Report
Form 4
LASKER BARRY D
Other
Transactions
- Other
Convertible Note
2004-02-24−500,000→ 0 totalExercise: $0.40From: 2003-05-05Exp: 2005-05-05→ Common Stock (500,000 underlying) - Sale
Common Stock
2004-07-14$0.63/sh−2,100$1,323→ 30,000 total - Sale
Common Stock
2004-07-13$0.65/sh−9,000$5,850→ 32,100 total
Footnotes (1)
- [F1]On May 5, 2003, the Reporting Person entered into a Revolving Credit Loan Agreement to loan the Issuer up to $200,000, and a Revolving Credit Master Note, pursuant to which any principal and unpaid interest were immediately convertible at the Reporting Person's option into shares of the Issuer's common stock at a conversion price of $0.40 per share, or currently 500,000 shares based on the principal. The Agreement and Note were transferred to Samson Exploration N.L., an affiliate of the Issuer, on February 24, 2004, in exchange for $200,000, the current outstanding principal balance at the time of transfer.