THEGLOBE COM INC 4
4 · THEGLOBE COM INC · Filed Jun 2, 2005
Insider Transaction Report
Form 4
THEGLOBE COM INCTGLO.OB
EGAN MICHAEL S
Other
Transactions
- Purchase
Convertible Promissory Note
2005-06-01$0.05/sh+15,000,000$750,000→ 30,000,000 total(indirect: By E&C Capital Partners, LLLP ("E&C I"))Exercise: $0.05From: 2005-06-01→ Common Stock (15,000,000 underlying) - Purchase
Convertible Note Options
2005-06-01$0.05/sh−15,000,000$750,000→ 10,000,000 total(indirect: By E&C I)Exercise: $0.05From: 2005-04-22→ Convertible Note (15,000,000 underlying)
Footnotes (3)
- [F1]Acquired on exercise of convertible note option. This is a $750,000 demand note and has no expiration date and may be converted at any time prior to payment.
- [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.