MIRENCO INC 4
4 · MIRENCO INC · Filed Apr 24, 2007
Insider Transaction Report
Form 4
MIRENCO INCmreo.ob
GLACE ROBERT W
10% Owner
Transactions
- Purchase
Common Stock
2007-04-23$0.08/sh+112,500$9,000→ 3,116,100 total
Holdings
- 1,812,500(indirect: By Spouse)
Common Stock
- 5,000
Convertible Preferred Stock
→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Security converts to Common Stock on a one for five basis. Convertible Preferred Stock is convertible at any time at the holder's election before the call date of 12/31/2011
- [F2]Security is callable by Issueing Company, with 6% interest paid on value of $1 per share, if not converted by 12/31/2011. Company has the option to call by 12/31/2009, after due notice is given.