WENNINGER FRED 4
4 · RASER TECHNOLOGIES INC · Filed Oct 4, 2004
Insider Transaction Report
Form 4
WENNINGER FRED
Director
Transactions
- Purchase
Series B Convertible Preferred Stock
2004-09-10$1000.00/sh+210$210,000→ 210 total - Purchase
Common Stock
2004-05-21$3.70/sh+30,000$111,000→ 30,000 total(indirect: By Spouse) - Purchase
Series B Convertible Preferred Stock
2004-09-10$1000.00/sh+35$35,000→ 35 total(indirect: By Spouse)
Holdings
- 624,800
Common Stock
Footnotes (1)
- [F1]Holders of Series B Convertible Preferred Stock are entitled to receive the cumulative dividends of 7% per annum, payable quarterly on March 1; June 1; September 1; and December 1, beginning September 1, 2004. Upon any liquidation, dissolution or winding-up of Raser, the holders of Series B Convertible Stock shall be entitled to receive out of the corporate assets an amount equal to $1,000 per share, plus any accrued and unpaid dividends, before any distribution or payment is made to common stockholders. Series B Convertible Preferred Stock is convertible into shares of common stock at $3.50 per share.