THEGLOBE COM INC 4
4 · THEGLOBE COM INC · Filed May 31, 2007
Insider Transaction Report
Form 4
THEGLOBE COM INCTGLO.OB
EGAN MICHAEL S
Other
Transactions
- Purchase
$250,000 Convertible Promissory Note
2007-05-29$0.01/sh+25,000,000$250,000→ 25,000,000 total(indirect: By Dancing Bear Investments, Inc. ("DBI"))Exercise: $0.01From: 2007-05-29→ Common Stock (25,000,000 underlying) - Purchase
$2,750,000 Convertible Note Options
2007-05-29$0.01/sh+275,000,000$2,750,000→ 275,000,000 total(indirect: By DBI)Exercise: $0.01From: 2007-05-29→ Common Stock (275,000,000 underlying)
Footnotes (3)
- [F1]Consisits of an option to acquire an additional $2,750,000 of Convertible Notes on the same terms as the $250,000 convertible note.
- [F2]The option to acquire additional convertible notes expires November 25, 2007. The Convertible Notes may be converted at any time prior to payment.
- [F3]The Convertible Notes are demand notes and have no expiration date and may be converted at any time prior to payment. Includes an aggregate of 80,380,081 shares into which the Notes, if fully exercised and convertible, could not be so converted until such time as the Issuer files a Certificate of Amendment with the Delaware Secretary of State increasing the number of its authorized common stock.