SKYLINE MULTIMEDIA ENTERTAINMENT INC 3
3 · SKYLINE MULTIMEDIA ENTERTAINMENT INC · Filed Sep 29, 2003
Insider Transaction Report
Form 3
SCHULMAN FREDRICK
Director10% Owner
Holdings
Series A Convertible Participating Preferred Stock
From: 2003-09-24→ Common Stock (4,522,912 underlying)- 0
Not Applicable
Footnotes (2)
- [F1]There is no expiration date on these securities.
- [F2]Each share of the 654,546 shares of Series A Convertible Participating Preferred Stock acquired by Mr. Schulman on September 24, 2003 is convertible at any time into 6.91 shares of Common Stock of the Issuer (a total of 4,522,912 shares of Common Stock). The holders of an aggregate of 1,090,909 outstanding shares of the Issuer's Series A Convertible Participating Preferred Stock are entitled to up to 24.9% of the outstanding voting power of the Issuer on all matters which come before the shareholders. Mr. Schulman's ownership of 60% of the outstanding Series A Convertible Participating Preferred Stock entitles him to up to 14.94% of the outstanding voting power of the Issuer. Mr. Schulman disclaims beneficial ownership of the Issuer's securities owned by Skyride Associates, LLC