AXELROD TODD M 4
4 · GALLERY OF HISTORY INC · Filed Mar 3, 2009
Insider Transaction Report
Form 4
AXELROD TODD M
DirectorPresident, CEO10% Owner
Transactions
- Other
Series A Convertible Preferred Stock
2009-02-28+26,111→ 1,615,861 totalFrom: 2009-02-28→ Common Stock (26,111 underlying)
Footnotes (3)
- [F1]The Series A Convertible Preferred Stock is convertible into shares of the Issuer's Common Stock at the rate of one share of Common Stock for every $2.00 in liquidation value of the Preferred Stock, as adjusted. The Preferred Stock earns dividends at the rate of 3% per annum (payable semi-annually). Unpaid dividends are cumulative and increase the liquidation value.
- [F2]Represents additional shares of Common Stock issuable upon conversion of the Preferred Stock as a result of an increase in the liquidation value as a result of accrued and unpaid dividends.
- [F3]The Preferred Stock has no expiration date.