TOROKVEI THOMAS E 4
4 · VITALSTATE INC · Filed Jan 8, 2004
Insider Transaction Report
Form 4
VITALSTATE INCVTST
TOROKVEI THOMAS E
Director10% Owner
Transactions
- Exercise of In-Money
Warrant
2003-12-30−2,000,000→ 0 total(indirect: By Scepter Holdings Inc.)Exercise: $0.50From: 2003-02-27Exp: 2004-02-27→ Common Stock (2,000,000 underlying) - Exercise of In-Money
Common Stock
2003-12-30$0.50/sh+2,000,000$1,000,000→ 8,000,000 total(indirect: By Scepter Holdings Inc.)
Footnotes (2)
- [F1]The reporting person is a director and the chairman of Scepter Holdings Inc., which is the record and beneficial owner of the reported securities. The reporting person is also the beneficial owner, indirectly through various trusts and holding companies, of approximately 50% of the securities of Scepter Holdings Inc. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
- [F2]The warrants being exercised were acquired on Febuary 27, 2003 by Scepter Holdings Inc. as part of an acquisition by it of 4,000,000 units of Vitalstate, Inc., each unit consisting of one share of common stock of Vitalstate, Inc. and one warrant to purchase one share of common stock of Vitalstate, Inc., at a purchase price of $0.50 per unit.