OMNI RAIL PRODUCTS INC 3/A
3/A · OMNI RAIL PRODUCTS INC · Filed Feb 8, 2000
Insider Transaction Report
Form 3
Holdings
- 85,174(indirect: By Spouse)
Common Stock
Footnotes (4)
- [1]At the time of the filing of the Form 3, the Reporting Person was a director of the Issuer, but was not a 10% owner. The Reporting Person resigned as a director on January 21, 1998. The Reporting Person is currently a 10% owner.
- [2]This amendment amends in its entirety the Form 3 filed May 9, 1997.
- [3]The Series B Preferred Stock is automatically converted into the issuer's common stock if the issuer reports gross annual revenues of $20,000,000 or annual pre-tax earnings of $1,500,000 during either the fiscal year ending in 1998 or 1999. The issuer did not meet these conditions by its fiscal year ended April 30, 1999, and the Series B Preferred Stock was deemed cancelled and of no further force and effect as of September 7, 1999.
- [4]The issuer granted those options in tandem. If the Reporting Person exercised his common stock options and paid the exercise price for them, the issuer issued to him shares of Series B Preferred Stock as well without the payment of any additional consideration.