RAGAN W PETER JR 4
4 · VELOCITY ASSET MANAGEMENT INC · Filed Jun 9, 2006
Insider Transaction Report
Form 4
RAGAN W PETER JR
Treasurer and Secretary10% Owner
Transactions
- Purchase
Series A Preferred Stock
2006-06-06$10.73/sh+49$526→ 164 totalExercise: $0.00→ Common Stock (49 underlying) - Purchase
Series A Preferred Stock
2006-06-06$10.73/sh+80$858→ 115 totalExercise: $0.00→ Common Stock (80 underlying) - Purchase
Series A Preferred Stock
2006-06-06$10.80/sh+51$551→ 215 totalExercise: $0.00→ Common Stock (51 underlying) - Purchase
Series A Preferred Stock
2006-06-06$10.80/sh+35$378→ 35 totalExercise: $0.00→ Common Stock (35 underlying)
Holdings
- 2,034,402
Common Stock
- 309,250
Warrants
Exercise: $1.04From: 2004-02-03Exp: 2009-02-03→ Common Stock (309,250 underlying)
Footnotes (1)
- [F1]The Series A Preferred Stock may be converted at any time into shares of common stock at $2.50 per share at the option of the holder; provided however that if after May 18, 2009 (a) the price of the common stock exceeds the conversion price by more than 35% and (b) the common stock is traded on a national securities exchange, the Company may terminate the right.