Holsworth Peter 4
4 · AMERICAN SOUTHWEST HOLDINGS INC · Filed Jun 1, 2004
Insider Transaction Report
Form 4
Holsworth Peter
Director
Transactions
- Purchase
Common Stock
2000-09-25$0.10/sh+500,000$50,000→ 500,000 total(indirect: See Footnote) - Other
Warrants to Purchase Common Stock
2000-09-29+2,000,000→ 2,500,000 total(indirect: See Footnote)Exercise: $0.10From: 2000-09-29Exp: 2004-06-30→ Common Stock (2,000,000 underlying) - Purchase
Warrants to Purchase Common Stock
2000-09-25+500,000→ 500,000 total(indirect: See Footnote)Exercise: $0.10From: 2000-09-25Exp: 2004-06-30→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]On September 25, 2000, Syntek International Pty Ltd., an Australian company ("Syntek"), of which Mr. Holsworth is an officer, director and principal shareholder, acquired 500,000 shares of Company Common Stock and 500,000 warrants exercisable through June 30, 2004 at an exercise price of $.10 per share. The purchase price of such securities was $.10 per share.
- [F2]On September 29, 2000, 2,000,000 warrants, exercisable through June 30, 2004 at an exercise price of $.10 per share, were issued to Syntek as compensation for the services of Mr. Holsworth. The Company placed no value on these warrants for financial statement purposes since the Company's last sale of Common Stock had been at $.10 per share, the same price as the exercise price of these warrants.