4//SEC Filing
Iorich Vladimir 4
Accession 0001104659-09-057577
CIK 0001100091other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 3:06 PM ET
Size
12.0 KB
Accession
0001104659-09-057577
Insider Transaction Report
Form 4
Alderox, Inc.AROX
Iorich Vladimir
10% Owner
Transactions
- Other
12% Convertible Debenture due 2010
2009-09-30→ 175,484,141 totalExercise: $0.06Exp: 2010-12-11→ Common Stock (5,197,433 underlying)
PALA INVESTMENTS HOLDINGS LTD
10% Owner
Transactions
- Other
12% Convertible Debenture due 2010
2009-09-30→ 175,484,141 totalExercise: $0.06Exp: 2010-12-11→ Common Stock (5,197,433 underlying)
Footnotes (7)
- [F1]On September 30, 2009, $146,571 in accrued, unpaid interest, which is convertible into 2,571,426 shares of Alderox Common Stock, was capitalized to the principal amount of the First Tranche.
- [F2]On September 30, 2009, $117,965 in accrued, unpaid interest, which is convertible into 2,069,570 shares of Alderox Common Stock, was capitalized to the principal amount of the Third Tranche.
- [F3]On September 30, 2009, $31,717 in accrued, unpaid interest, which is convertible into 556,437 shares of Alderox Common Stock, was capitalized to the principal amount of the Fourth Tranche.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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.
Documents
Issuer
Alderox, Inc.
CIK 0001100091
Entity typeother
Related Parties
1- filerCIK 0001317729
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 3:06 PM ET
- Size
- 12.0 KB