MID STATE RACEWAY INC 4
4 · MID STATE RACEWAY INC · Filed Aug 17, 2004
Insider Transaction Report
Form 4
MID STATE RACEWAY INCMRWY.PK
Scott Shawn A
10% Owner
Transactions
- Other
Common Stock Warrant (right to buy)
2002-08-28+900,000→ 1,100,000 total(indirect: By LLC)Exercise: $2.00From: 2002-08-28Exp: 2007-08-31→ common stock (900,000 underlying)
Footnotes (3)
- [F1]The warrant was issued to All Capital, LLC in a private transaction in connection with a $15 million loan made by All Capital, LLC to the Issuer on August 28, 2002.
- [F2]Inclues a warrant for 200,000 shares issued to All Capital, LLC in lieu of the same number of shares underlying a 10% Convertible Promissory Note held by Vernon, LLC (an affiliate of All Capital) which Note was terminated upon repayment of the underlying debt with proceeds from the $15 million loan by All Capital. The Reporting Person previously reflected these securities in his Form 3 filed in June, 2002.
- [F3]The Reporting Person is the sole member and manager of All Capital, LLC.