4//SEC Filing
THEGLOBE COM INC 4
Accession 0001116502-07-001140
$TGLOCIK 0001066684operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 12:24 PM ET
Size
8.8 KB
Accession
0001116502-07-001140
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.
Documents
Issuer
THEGLOBE COM INC
CIK 0001066684
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001066684
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 12:24 PM ET
- Size
- 8.8 KB