PHELAN MICHAEL J 4
4 · SAN HOLDINGS INC · Filed Apr 20, 2004
Insider Transaction Report
Form 4
SAN HOLDINGS INCSANZ
PHELAN MICHAEL J
PRESIDENT AND COO
Transactions
- Conversion
Common Stock
2004-04-13+935,091→ 1,435,091 total - Conversion
Series B Convertible Preferred Stock
2004-04-13−18.701→ 0 total→ Common Stock (935,091 underlying)
Footnotes (2)
- [F1]Each share of Series B Convertible Preferred Stock beneficially owned by Mr. Phelan was automatically converted into 50,000 fully-paid and nonassesable shares of Common Stock immediately upon the effectiveness of an amendment to the Issuer's Articles of Incorporation which had the effect of increasing the number of shares of Common Stock that the Issuer is authorized to issue to a number sufficient to provide for the issuance of shares of Common Stock upon conversion of all of the then outstanding shares of Series B Convertible Preferred Stock. Such amendment was effective on April 13, 2004.
- [F2]Owned jointly with spouse.