ADVANCED FINANCIAL INC 4
4 · ADVANCED FINANCIAL INC · Filed Mar 10, 1999
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock
1999-02-19+1,800,000→ 1,800,000 total(indirect: By: First)
Footnotes (4)
- [1]First Mortgage Investment Co. ("FMIC") released its second mortgage (having a principal balance of $200,000) on the real property of Advanced Financial Inc. (the "Company");
- [2]the Reporting Person is the trustee of The Philip J. Holtgraves Revocable Trust dated June 6, 1989, which is the sole shareholder of FMIC;
- [3]For additional consideration, the option expiration date may be extended to 2/19/2001; and
- [4]the Company issued the option to encourage (a) FMIC's participation in the Amended Joint Plan of Reorganization dated July 29, 1998 (the "Plan") of the Company and its wholly-owned subsidiary, confirmed by the United States Bankruptcy Court for the District of Kansas on November 13, 1998 and (b) FMIC's further investment in the Company. /s/ Philip J. Holtgraves March 10, 1999 --------------------------------- **