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4//SEC Filing

WIGET PETER 4

Accession 0001117768-11-000208

CIK 0001168938other

Filed

Apr 13, 8:00 PM ET

Accepted

Apr 14, 1:50 PM ET

Size

10.8 KB

Accession

0001117768-11-000208

Insider Transaction Report

Form 4
Period: 2011-03-18
WIGET PETER
Director
Transactions
  • Disposition to Issuer

    Option to Buy

    2010-01-22100,000100,000 total
    Exercise: $1.10From: 2010-07-22Exp: 2020-01-22Common Stock (100,000 underlying)
  • Disposition to Issuer

    Option to Buy

    2011-03-18125,000125,000 total
    Exercise: $1.05From: 2009-05-10Exp: 2018-11-10Common Stock (125,000 underlying)
Holdings
  • Common Stock

    205,000
  • Common Stock

    (indirect: By Spouse)
    9,500
  • Warrant

    Exercise: $0.10From: 2011-01-20Exp: 2011-08-20Common Stock (205,000 underlying)
    205,000
Footnotes (2)
  • [F1]205,000 Units were issued to the Reporting Person in exchange for the conversion and extingishing of $20,500 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, par value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Company ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share.
  • [F2]The option was cancelled by mutual agreement of the Reporting Person and the Issuer. The Reporting Person received $1 as consideration for the cancellation.

Issuer

GOLDSANDS DEVELOPMENT CO

CIK 0001168938

Entity typeother

Related Parties

1
  • filerCIK 0001442678

Filing Metadata

Form type
4
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 1:50 PM ET
Size
10.8 KB