SCHLOZ STANLEY 4
4 · BESTNET COMMUNICATIONS CORP · Filed Oct 18, 2005
Insider Transaction Report
Form 4
SCHLOZ STANLEY
DirectorPresident
Transactions
- Disposition to Issuer
Warrants (right to buy)
2005-10-14$0.22/sh−36,667$8,067→ 95,000 totalExercise: $0.22From: 2003-03-31Exp: 2006-03-31→ Common Stock (36,667 underlying) - Award
Common Stock
2005-10-14$0.22/sh+36,667$8,067→ 918,352 total
Footnotes (3)
- [F1]On October 14, 2005, Mr. Schloz exercised 36,667 warrants to purchase the Company's common stock at an exercised price of $.22 per warrant. The exercise price of these options were temporarily reduced to $.22 from $.30 from a period of September 26, 2005 until October 14, 2005 as reported in the Company's 8k filing of September 26, 2005.
- [F2]Mr. Schloz holds a direct ownership interest in 33,100 shares of common stock, an indirect ownership of 741,160 shares of common stock held in the Schloz Family 1998 Trust, and an indirect ownership of 139,860 shares of common stock held by an investment partnership, of which Mr. Schloz is a 7% owner.
- [F3]Mr Schloz holds a direct interest in 95,000 stock options to purchase common stock.