Cohn Arthur 4
4 · SBS INTERACTIVE CO · Filed Jun 29, 2005
Insider Transaction Report
Form 4
SBS INTERACTIVE COSBSS.OB
Cohn Arthur
10% Owner
Transactions
- Other
Convertible Loan
2005-06-27→ 12,232,611 totalExercise: $0.20From: 2005-06-27→ Common Stock (1,140,000 underlying)
Footnotes (1)
- [F1]The Reporting Person loaned the Issuer $76,000 pursuant to a demand convertible promissory note that is immediately convertible at the option of the Reporting Person into shares of Common Stock at a conversion price of $0.20 per share, an immediately exercisable three-year warrant to purchase 380,000 shares of Common Stock at an exercise price of $1.00 per share, and an immediately exercisable three-year warrant to purchase 380,000 shares of Common Stock at an exercise price of $1.25 per share.