MECKLERMEDIA CORP 4
4 · MECKLERMEDIA CORP · Filed Dec 9, 1998
Insider Transaction Report
Form 4
Footnotes (2)
- [*]Penton had the right to acquire these shares pursuant to a Tender, Voting and Option Agreement (the "Agreement") with Alan M. Meckler, Mecklermedia Corporation and Internet World Media, Inc. When Internet World Media, Inc. purchased these shares, the option expired in accordance with the terms of the Agreement.
- [**]Internet World Media, Inc., a wholly owned subsidiary of Penton and the owner of 98.6% of all the outstanding stock of Mecklermedia Corporation, merged itself with and into Mecklemedia Corporation, with Mecklermedia Corporation continuing as the surviving corporation and being renamed Internet World Media, Inc. Pursuant to the merger, each of the 100 shares of common stock, par value $.01 per share, of Internet World Media, Inc. issued and outstanding immediately before the effective time of the merger now represents one validly issued, fully paid nonassessable share of common stock, par value $.01 per share of the surviving corporation. Following the merger, the common stock of Mecklemedia Corporation was deregistered by filing a Form 15.