SEYMOUR STEPHEN 4
4 · NORD RESOURCES CORP · Filed Feb 1, 2011
Insider Transaction Report
Form 4
SEYMOUR STEPHEN
Director
Transactions
- Purchase
10% Convertible Promissory Notes due 2012
2011-01-28+312,500→ 312,500 totalExercise: $0.16Exp: 2012-12-29→ Common Stock (312,500 underlying)
Footnotes (3)
- [F1]Unpaid principal and interest under the convertible promissory note are convertible into shares of common stock at a conversion price of $0.16 per share, subject to adjustment as described in the security.
- [F2]At any time prior to the Expiry Date.
- [F3]Represents principal loan amount of $50,000 convertible at $0.16 per share of common stock. Unpaid accrued interest may also be converted into shares of common stock at the option of the note holder at $0.16 per share at any time prior to the Expiry Date.