ROBINSON DANIEL T JR 4
4 · ILINC COMMUNICATIONS INC · Filed Aug 9, 2005
Insider Transaction Report
Form 4
ROBINSON DANIEL T JR
Director
Transactions
- Purchase
iLinc Common Stock
2005-08-05$0.30/sh+42,092$12,628→ 42,092 total(indirect: By Trust)
Footnotes (1)
- [F1]Shares are being issued in exchange for the cancellation debt arising from the investment of PelDawn, LLC, Mr. Robinson's family trust, in the Company's private placement in February 2002 in the form of a convertible redeemable subordinated note dated March 29, 2002 in the amount of $25,000 and accrued interest of $254.79. Mr. Robinson owns 1% of PelDawn, LLC directly and 49% of PelDawn, LLC indirectly, therefore one-half of the 84,183 share of stock is being reported as indirectly owned by Mr. Robinson.