Shapiro Howard 4

4 · PHANTOM FIBER CORP · Filed Jan 18, 2008

Insider Transaction Report

Form 4

Period: 2008-01-16

PHANTOM FIBER CORPPHFB

Shapiro Howard

10% Owner

Transactions

Other
Common Stock Warrants
2008-01-16+380,952→ 380,952 total
Exercise: $0.50From: 2008-01-16Exp: 2011-01-15→ Common Stock (380,952 underlying)
Other
Common Stock Warrants
2008-01-16+238,095→ 238,095 total(indirect: By Trust)
Exercise: $0.50From: 2008-01-16Exp: 2011-01-15→ Common Stock (238,095 underlying)
Other
Common Stock Warrants
2008-01-16−200,000→ 0 total(indirect: By Trust)
Exercise: $0.50→ Common Stock (200,000 underlying)
Other
Common Stock Warrants
2008-01-16+79,365→ 79,365 total(indirect: By Trust)
Exercise: $0.50From: 2008-01-16Exp: 2011-01-15→ Common Stock (79,365 underlying)
Other
Convertible Notes
2008-01-16+79,365→ 79,365 total(indirect: By Trust)
Exercise: $0.42From: 2008-01-16Exp: 2011-01-15→ Common Stock (79,365 underlying)
Other
Convertible Notes
2008-01-16−200,000→ 0 total(indirect: By Trust)
Exercise: $0.50→ Common Stock (200,000 underlying)
Purchase
Common Stock, $.001 par value
2008-01-18+61,667→ 61,667 total(indirect: By Trust)
Purchase
Common Stock Warrants
2008-01-18+18,333→ 18,333 total(indirect: By Trust)
Exercise: $0.56→ Common Stock (18,333 underlying)
Purchase
Common Stock, $.001 par value
2008-01-18+886,386→ 886,386 total
Purchase
Common Stock Warrants
2008-01-18+55,000→ 55,000 total(indirect: By Trust)
Exercise: $0.56→ Common Stock (55,000 underlying)
Purchase
Common Stock Warrants
2008-01-18+18,334→ 18,334 total(indirect: By Trust)
Exercise: $1.50→ Common Stock (18,334 underlying)
Purchase
Common Stock, $.001 par value
2008-01-18+784,200→ 784,200 total(indirect: By Trust)
Other
Common Stock Warrants
2008-01-16−66,667→ 0 total(indirect: By Trust)
Exercise: $0.50→ Common Stock (66,667 underlying)
Other
Convertible Notes
2008-01-16+380,952→ 380,952 total
Exercise: $0.42From: 2008-01-16Exp: 2011-01-15→ Common Stock (380,952 underlying)
Other
Common Stock Warrants
2008-01-16−320,000→ 0 total
Exercise: $0.50→ Common Stock (320,000 underlying)
Other
Convertible Notes
2008-01-16−66,667→ 0 total(indirect: By Trust)
Exercise: $0.50→ Common Stock (66,667 underlying)
Other
Convertible Notes
2008-01-16+238,095→ 238,095 total(indirect: By Trust)
Exercise: $0.42From: 2008-01-16Exp: 2011-01-15→ Common Stock (238,095 underlying)
Other
Convertible Notes
2008-01-16−320,000→ 0 total
Exercise: $0.50→ Common Stock (320,000 underlying)

Footnotes (2)

[F1]Unchanged from prior reporting.
[F2]The Issuer and the Reporting Person have entered into amendments of (1) the convertible notes (reducing the conversion price from $.50 to $.42 per share) and (2) the common stock purchase warrants (increasing the number of shares issuable upon exercise thereof). As a result of the foregoing, the Reporting Person is reporting the acquisition of the amended convertible notes and warrants it has received and the disposition to the Issuer of the existing notes and warrants.

Documents

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primary_doc.xmlPrimary
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