GAMING & ENTERTAINMENT GROUP INC 3
3 · GAMING & ENTERTAINMENT GROUP INC · Filed Dec 20, 2004
Insider Transaction Report
Form 3
GAMING & ENTERTAINMENT GROUP INC(GMEI.OB
CANTOR G&W (NEVADA), L.P.
10% Owner
Holdings
Option to Buy from Certain Stockholders
Exercise: $0.60From: 2004-12-08Exp: 2007-12-31→ Common Stock, par value $.01 per share (7,500,000 underlying)- 948,966
Common Stock, par value $.01 per share
Equity Warrant
Exercise: $0.60From: 2004-12-08Exp: 2009-12-08→ Common Stock, par value $.01 per share (8,000,000 underlying)Debt Warrant
Exercise: $0.54From: 2004-12-08Exp: 2009-12-08→ Common Stock, par value $.01 per share (3,703,703 underlying)
Footnotes (3)
- [F1]Cantor G&W (Nevada), L.P.'s general partner is Cantor G&W (Nevada), LLC, whose managing member is Cantor G&W, L.P., whose general partner is Cantor G&W Holdings, LLC, of which Howard W. Lutnick is the sole member. Each of the above entities are filing separate Form 3 for their indirect ownership of the shares covered hereby.
- [F2]The per share exercise price of the Debt Warrant is the lesser of $0.54 per share and the average closing sales price of the Common Stock 30 days prior to the exercise, but in no event less than $0.40 per share. The number of shares is based on an assumed per share purchase price of $0.54.
- [F3]The per share exercise price of $0.60 shall be in effect until 12-31-05, from 1-1-06 to 12-31-06 the per share exercise price shall be increased to $0.80 per share, and from 1-1-07 to 12-31-07 the per share exercise price shall be $1.00.