FIELD FREDERICK W 4
4 · ARTISTDIRECT INC · Filed Mar 5, 2009
Insider Transaction Report
Form 4
ARTISTDIRECT INCARTD
FIELD FREDERICK W
Director
Transactions
- Award
Convertible Note
2009-02-03−6,666,666→ 6,991,360 totalExercise: $0.03From: 2009-02-03→ Common Stock (6,666,666 underlying)
Footnotes (1)
- [F1]On February 3, 2009, the Issuer issued a convertible note (the "Note") to the Reporting Person. The Note is in the principal amount of $200,000 with the principal amount and accrued interest at the rate of 5% per annum automatically convertible into shares of the Issuer's Common Stock at a price of $0.03 per share at such time as the Company has sufficient authorized shares. The number in the table does not include shares issuable in respect of interest on the Note.