4//SEC Filing
Iorich Vladimir 4
Accession 0001104659-09-041722
CIK 0001100091other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 3:51 PM ET
Size
15.2 KB
Accession
0001104659-09-041722
Insider Transaction Report
Form 4
Alderox, Inc.AROX
Iorich Vladimir
10% Owner
Transactions
- Other
12% Convertible Debenture due 2010
2009-06-30→ 170,286,708 totalExercise: $0.06Exp: 2010-12-11→ Common Stock (4,997,532 underlying) - Other
12% Convertible Debenture due 2010
2009-03-31→ 165,289,176 totalExercise: $0.06Exp: 2010-12-11→ Common Stock (4,419,039 underlying)
PALA INVESTMENTS HOLDINGS LTD
10% Owner
Transactions
- Other
12% Convertible Debenture due 2010
2009-03-31→ 165,289,176 totalExercise: $0.06Exp: 2010-12-11→ Common Stock (4,419,039 underlying) - Other
12% Convertible Debenture due 2010
2009-06-30→ 170,286,708 totalExercise: $0.06Exp: 2010-12-11→ Common Stock (4,997,532 underlying)
Footnotes (10)
- [F1]On March 31, 2009, $124,620 in accrued, unpaid interest, which is convertible into 2,186,316 shares of the Issuer's common stock, was capitalized to the principal amount of the First Tranche.
- [F10]On October 10, 2008, the Initial Debenture, as amended, was amended by an Amendment and Limited Waiver (the "Third Amendment" and collectively, the "Debenture"). The Third Amendment provides that in exchange for PIHL waiving certain defaults under the Debenture by the issuer, the initial conversion price of the First Tranche, Second Tranche, Third Tranche, Fourth Tranche and Fifth Tranche is reduced from $0.13 per share to $0.057 per share. The Debenture initially carried interest of 12% per annum, compounding quarterly. Because Alderox did not meet certain financial benchmarks by January 31, 2009, the interest rate increased to 16% per annum as of that date. The Debenture matures on December 11, 2010.
- [F2]On March 31, 2009, $100,298 in accrued, unpaid interest, which is convertible into 1,759,620 shares of the Issuer's common stock, was capitalized to the principal amount of the Third Tranche.
- [F3]On March 31, 2009, $26,967 in accrued, unpaid interest, which is convertible into 473,103 shares of the Issuer's common stock, was capitalized to the principal amount of the Fourth Tranche.
- [F4]On June 30, 2009, $140,934 in accrued, unpaid interest, which is convertible into 2,472,525 shares of Alderox Common Stock, was capitalized to the principal amount of the First Tranche.
- [F5]On June 30, 2009, $113,428 in accrued, unpaid interest, which is convertible into 1,989,971 shares of Alderox Common Stock, was capitalized to the principal amount of the Third Tranche.
- [F6]On June 30, 2009, $30,497 in accrued, unpaid interest, which is convertible into 535,036 shares of Alderox Common Stock, was capitalized to the principal amount of the Fourth Tranche.
- [F7]The First Tranche, Third Tranche and Fourth Tranche of the 12% Convertible Debenture (including the accrued, unpaid interest thereon reported on this Form 4) are exercisable immediately.
- [F8]PIHL entered into the Debenture agreement with the Issuer and thus would directly hold any Issuer common stock obtained upon conversion of the Debenture. Because Mr. Iorich may replace any or all members of the boards of PIHL and PGHL, Mr. Iorich may be deemed to have indirect beneficial ownership of these securities. Please see the Remarks section for additional information about the relationship between PIHL and Mr. Iorich.
- [F9]Pursuant to the Debenture, PIHL has the option to convert the outstanding balance of principal and accrued but unpaid interest into shares of the Issuer's common stock.
Documents
Issuer
Alderox, Inc.
CIK 0001100091
Entity typeother
Related Parties
1- filerCIK 0001317729
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 3:51 PM ET
- Size
- 15.2 KB