Morissette Donald W. 4
4 · ETELOS, INC. · Filed Jan 29, 2010
Insider Transaction Report
Form 4
ETELOS, INC.ETLO
Morissette Donald W.
10% Owner
Transactions
- Purchase
Common Stock
2010-01-25+375,000→ 9,728,650 total(indirect: By LLC) - Purchase
10% Convertible Debentures
2010-01-25(indirect: By LLC)Exercise: $0.50From: 2010-01-25→ Common Stock (500,000 underlying) - Purchase
Common Stock Warrant (Right to Buy)
2010-01-25+375,000→ 375,000 total(indirect: By LLC)Exercise: $0.60From: 2010-01-25Exp: 2014-09-30→ Common Stock (375,000 underlying)
Footnotes (3)
- [F1]Don Morissette LLC is wholly owned by the Reporting Person.
- [F2]The 10% Convertible Debenture is convertible at any time to Common Stock at $0.50 per share, and expires upon repayment and maturity date September 30, 2011.
- [F3]The reported securities are included within securities purchased by the reporting person. The securities consist of: (i) 10% convertible debenture in the principal amount of $250,000, (ii) warrant to purchase 375,000 shares of common stock; and, (iii) 375,000 shares of common stock.