LIM PATRICK SOON-HOCK 4
4 · SECURED DIGITAL APPLICATIONS INC · Filed Oct 15, 2004
Insider Transaction Report
Form 4
LIM PATRICK SOON-HOCK
DirectorChairman & CEO10% Owner
Transactions
- Award
Series A Convertible Preferred Stock
2004-05-25+100,000→ 100,000 totalFrom: 2004-05-25Exp: 2014-05-25→ Common Stock (8,000,000 underlying) - Disposition to Issuer
Common Stock
2004-05-25−8,000,000→ 1,750,000 total
Footnotes (2)
- [F1]Mr. Lim exchanged 8,000,000 shares of common stock for 100,000 Series A Convertible Preferred Stock pursuant to a Share Exchange Agreement executed with the issuer on May 25, 2004. The holder of shares of Series A Convertible Preferred Stock is entitled to receive dividends at $2.20 per share, payable in shares of common stock at $0.28 per share. The Series A Convertible Preferred Stock is convertible at the option of the holder into such number of shares of common stock on a 1-for-80 basis and is subject to mandatory conversion ten (10) years after its issuance.
- [F2]An additional 25,245,000 shares of Common Stock are held by LSH Asset Holdings Sdn Bhd, a Malaysian corporation. Mr. Lim owns 99% of LSH Asset Holdings Sdn Bhd's stock.