POTTI RAM 4
4 · ELITE PHARMACEUTICALS INC /NV/ · Filed Jan 14, 2013
Insider Transaction Report
Form 4
POTTI RAM
Director10% Owner
Transactions
- Sale
Common Stock
2013-01-11$0.09/sh−2,339,000$211,913→ 7,220,635 total(indirect: see footnote) - Exercise/Conversion
Common Stock
2013-01-14$0.06/sh+6,032,000$377,000→ 13,252,635 total(indirect: see footnote) - Exercise of In-Money
Warrant
2013-01-14$0.06/sh−6,032,000$377,000→ 9,103,332 total(indirect: see footnote)Exercise: $0.06From: 2009-06-03Exp: 2016-06-03→ Common Stock (6,032,000 underlying)
Footnotes (3)
- [F1]Ram Potti is an equity owner and executive officer of each of Epic Pharma, LLC ("EP"), and Epic Investments, LLC ("EI") (which is controlled by EP), which owns securities convertible into or exercisable for in excess of 10% of the outstanding shares of common stock of the issuer, and also serves as a director of the issuer
- [F2]Of the 7,220,635 shares of common stock, 6,989,002 shares of common stock are owned indirectly through EI and 231,633 shares are owned directly by the reporting person.
- [F3]Of the 13,252,635 shares of common stock, 13,021,002 shares of common stock are owned indirectly through EI and 231,633 shares are owned directly by the reporting person.