SUTTON JOSEPH 4
4 · MAJESCO HOLDINGS INC · Filed Apr 27, 2004
Insider Transaction Report
Form 4
MAJESCO HOLDINGS INCMJSH.OB
SUTTON JOSEPH
EVP10% Owner
Transactions
- Conversion
Common Stock, par value $.001 per share
2004-04-23+12,090,377→ 14,620,002 total - Conversion
Common Stock, par value $.001 per share
2004-04-23+1,313,500→ 1,313,500 total(indirect: See Footnote) - Conversion
Series A Preferred Stock, par value $.001 per share
2004-04-23−18,500→ 0 total(indirect: See Footnote)→ Common Stock (1,313,500 underlying) - Conversion
Series A Preferred Stock, par value $.001 per share
2004-04-23−170,287→ 0 total→ Common Stock (12,090,377 underlying)
Footnotes (3)
- [F1]The shares were converted by the Reporting Person at the conversion ratio for the Series A Preferred Stock.
- [F2]The shares are held by the Jesse M. Sutton foundation, of which the Reporting Person is an officer. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F3]These shares became convertible, upon the effectiveness of the stockholders' approval, on April 13, 2004. Each share of Series A Preferred Stock is convertible into seventy-one (71) shares of Common Stock and does not expire.