NEDERLANDER ROBERT E ET AL 4

4 · ALLIS CHALMERS CORP · Filed Apr 6, 2004

Form 4

Period: 2004-04-02

Director

Transactions

Purchase
Common Stock, par value $0.15 per share
[F1]
2004-04-02$0.50/sh+1,033,333$516,667→ 1,382,643 total(indirect: See Note)
Award
Common Stock, par value $0.15 per share
[F2]
2004-04-02+10,000→ 1,382,643 total
Award
Non-Employee Option to purchase common stock
[F2]
2004-04-02+10,000→ 1,345,333 total
Exercise: $0.55From: 2004-04-02Exp: 2014-04-01→ Common stock, par value $0.15 per share (10,000 underlying)
Purchase
Warrants
[F1]
2004-04-02$0.11/sh+1,333,333$150,000→ 1,345,333 total(indirect: See Note)
Exercise: $0.50From: 2004-04-02Exp: 2006-04-01→ Common stock, par value $0.15 per share (1,333,333 underlying)

Footnotes (2)

[F1]On April 2, 2004, RER Corp., a Michigan corporation wholly owned by Mr. Nederlander, acquired 1,033,333 shares of Common Stock and Warrants to acquire 1,333,333 shares of Common Stock at an exercise price of $0.50 per share, in a private transaction with the Issuer.
[F2]On April 2, 2004, Mr. Nederlander was issued (a) 10,000 shares of Common Stock and (b) options to purchase 10,000 shares of Common Stock pursuant to the Issuer?s 2003 Stock Incentive Plan. The Options are exercisable for $0.55 per share and have a term of ten years. The shares and options were issued in lieu of fees for services as a director in 2002 and 2003.

Signature

Robert E. Nederlander|2004-04-05

Documents

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