GNB BANK PANAMA SA 4

4 · PHONE1GLOBALWIDE INC · Filed Oct 2, 2003

Form 4

Period: 2003-09-30

10% Owner

Transactions

Sale
Common Stock
2003-09-30$0.40/sh−38,352,714$15,341,086→ 0 total
Sale
$5 Million Convertible Note
2003-09-30$0.40/sh−12,500,000$5,000,000→ 0 total
Exercise: $0.40From: 2003-09-30Exp: 2003-09-30→ Common Stock (12,500,000 underlying)
Sale
$20 Million Convertible Note
2003-09-30$0.40/sh−25,000,000$10,000,000→ 0 total
Exercise: $0.40From: 2003-09-30Exp: 2003-09-30→ Common Stock (25,000,000 underlying)

Footnotes (4)

[F1]The Reporting Person sold to Hispanic Telecommunications Holding S.A. ("Hispanic") 38,352,714 shares of the Issuer's Common Stock.
[F2]The Reporting Person sold to Hispanic a $20 Million Convertible Note executed by the Issuer (which principal outstanding amount was $10 Million) convertible into 25,000,000 shares (subject to certain anti-dilution adjustments) of the Issuer's Common Stock.
[F3]The Reporting Person sold to Hispanic a $5 Million Convertible Note executed by the Issuer dated November 26, 2002 convertible into 12,500,000 shares (subject to certain anti-dilution adjustments) of the Issuer's Common Stock.
[F4]The Reporting Person sold to Hispanic a $5 Million Convertible Note executed by the Issuer dated February 17, 2003 convertible into 12,500,000 shares (subject to certain anti-dilution adjustments) of the Issuer's Common Stock.

Documents

1 file