Idziszek Chet 4
4 · Surge Global Energy, Inc. · Filed Dec 2, 2004
Insider Transaction Report
Form 4
Idziszek Chet
Director
Transactions
- Award
Common Stock
2004-11-30$1.50/sh+37,600$56,400→ 237,600 total - Award
Common Stock
2004-11-30$1.50/sh+1,000,000$1,500,000→ 1,000,000 total(indirect: Control corp.)
Footnotes (2)
- [F1]The issuer is obligated to issue 1,000,000 shares of its common stock to Irie Isle Limited, a subsidiary of a Canadian public company which is controlled by Mr. Idziszek. Mr. Idziszek may be deemed to be the beneficial owner of these shares. The price of $1.50 is an arbitrary price and is the value of the company's common stock as determined by the board of directors used in connection with the transaction described in footnote 2.
- [F2]Mr. Idziszek converted $56,400 of principal and accrued interest into 37,600 shares at a conversion price of $1.50 per share. His direct ownership of these shares is shown separately from his indirect ownership of an additional 1,000,000 shares for a total of 1,237,600 shares that may be deemed to be beneficially owned by him, exclusive of options to purchase an additional 400,000 shares that are directly owned by him.