Ryan Kevin T 4
4 · CRYSTALIX GROUP INTERNATIONAL INC · Filed Sep 23, 2004
Insider Transaction Report
Form 4
Ryan Kevin T
DirectorPresident and CEO10% Owner
Transactions
- Other
10% Convertible Note due 07-01-07
2004-08-24+0→ 0 totalExercise: $0.08From: 2004-08-01Exp: 2007-07-01→ Common Stock - Other
Warrant (Right to Buy)
2004-08-24+1,875,000→ 1,875,000 totalExercise: $0.08From: 2004-07-21Exp: 2011-07-21→ Common Stock (1,875,000 underlying)
Holdings
- 1,465,400
Class A Preferred Stock
From: 2002-10-04→ Common Stock (14,654,000 underlying) - 3,588,000
Common Stock
Footnotes (4)
- [F1]The exercise or conversion price is the lesser of (i) the average closing price of the Common Stock for the 5 business days immediately prior to the exercise of the warrant or conversion of the note or (ii) $0.08.
- [F2]These warrants were issued in consideration for Mr. Ryan's agreement to a debt restructure with the Issuer.
- [F3]Mr. Ryan was issued a convertible promissory note in the principal amount of $5,396,764, that requires monthly principal payments of $45,000 beginning August 1, 2004 and continuing through December 1, 2004; monthly accrued interest payments beginning August 31, 2004 and continuing through November 30, 2004; and monthly principal payments of $174,584 and accrued interest beginning January 1, 2005 and continuing through the July 1, 2007. The note is convertible as to any payment when due, as to any prepayments tendered by the Issuer, as to all or any portin of the note upon the sale of 51% or more of the Issuer's outstanding common stock or sale of all of Issuer's assets, or as to a portion of the note not to exceed $1,000,000 upon an event of default.
- [F4]There is no expiration date for Class A Preferred Stock and it is convertible into common shares.