American Telecom Services Inc 4
4 · American Telecom Services Inc · Filed Feb 1, 2007
Insider Transaction Report
Form 4
KERBIS ELLIOTT
Director
Transactions
- Purchase
8% Series A Cumulative Convertible Preferred Stock
2007-01-30+40→ 40 totalFrom: 2007-01-30Exp: 2012-01-30→ Common Stock (23,529 underlying) - Purchase
Warrants (right to buy)
2007-01-30+9,412→ 9,412 totalExercise: $4.25From: 2007-01-30Exp: 2012-01-30→ Common Stock (9,412 underlying)
Footnotes (2)
- [F1]Each share of 8% Series A Cumulative Convertible Preferred Stock (the "Preferred Stock") is convertible at any time into 588.2353 shares of common stock, subject to adjustment, which is equivalent to an initial conversion price of $4.25 per share.
- [F2]The aggregate purchase price for the 40 shares of Preferred Stock and 9,412 Warrants was $100,000.