AXTIVE CORP 3
3 · AXTIVE CORP · Filed Aug 4, 2003
Insider Transaction Report
Form 3
AXTIVE CORPAXTV
MORRIS PAUL L
Director
Holdings
- 58,500
Common Stock, $0.01 par value
Warrant to Purchase Common Stock
Exercise: $0.20From: 2004-04-01Exp: 2006-04-01→ Common Stock, $0.01 par value (200,000 underlying)Series A Convertible Preferred Stock, $0.01 par value
Exercise: $0.10From: 2003-04-01Exp: 1988-08-08→ Common Stock, $0.01 par value (1,000,000 underlying)
Footnotes (3)
- [F1]There is no expiration date for conversion of the Preferred Stock.
- [F2]Based on the conversion of 100 shares of Preferred Stock and the initial conversion price of $0.10 (which is subject to future adjustment). Conversion is determined by dividing the liquidation price with respect to the Preferred Stock (which is equal to the issuance price of $1,000 per share plus any accrued, but unpaid dividends) by the conversion price. Assuming that there are currently no accrued, but unpaid dividends.
- [F3]Initial exercise price per share, which is subject to future adjustment pursuant to the terms of the warrant.