SIMOLA FRANCIS L 5
5 · POWERCOLD CORP · Filed Jan 18, 2006
Insider Transaction Report
Form 5
POWERCOLD CORPPWCL
SIMOLA FRANCIS L
DirectorPresident/CEO10% Owner
Transactions
- Award
Options
2005-12-15$0.70/sh+500,000$350,000→ 2,244,403 totalExercise: $0.70From: 2005-12-15Exp: 2010-12-15→ Common Stock (500,000 underlying) - Purchase
Common Stock
2005-12-29$0.65/sh+516,000$335,400→ 3,219,096 total
Footnotes (3)
- [F1]Conversion of loan to company (effective six months after loan) at 10 day average market price less 7% discount
- [F2]Includes beneficial ownership of Simco Group, minor children and spouse.
- [F3]Acquired in conversion of loan owed to Simola/Simco