THEGLOBE COM INC 4
4 · THEGLOBE COM INC · Filed Apr 26, 2005
Insider Transaction Report
Form 4
THEGLOBE COM INCTGLO.OB
EGAN MICHAEL S
Other
Transactions
- Purchase
$750,000 Convertible Promissory Note
2005-04-22$0.05/sh+15,000,000$750,000→ 15,000,000 total(indirect: By E&C Capital Partners, LLLP ("E&C I"))Exercise: $0.05From: 2005-04-22→ Common Stock (15,000,000 underlying) - Purchase
$1,250,000 Convertible Note Options
2005-04-22$0.05/sh+25,000,000$1,250,000→ 25,000,000 total(indirect: By E&C I)Exercise: $0.05From: 2005-04-22→ Common Stock (25,000,000 underlying)
Footnotes (4)
- [F1]Consists of an option to acquire an additional $1,250,000 of Convertible Notes on the same terms as the $750,000 convertible note.
- [F2]The Option to acquire additional convertible notes expires July 19, 2005. The Convertible Notes may be converted at any time prior to payment.
- [F3]Certain Trusts for the benefit of the Reporting Person's children, over which the Reporting Person serves as Trustee, have a pecuniary interest in approximately 25% of such securities and the Reporting Person's spouse has a pecuniary interest in approximately 75% of these securities. The Reporting Person desclaims beneficial ownership of the securities in which his wife has a pecuniary interest.
- [F4]The Convertible Notes are demand notes have no expiration date and may be converted at any time perior to payment.