WIGET PETER 4
4 · GOLDSANDS DEVELOPMENT CO · Filed Apr 14, 2011
Insider Transaction Report
Form 4
WIGET PETER
Director
Transactions
- Disposition to Issuer
Option to Buy
2010-01-22−100,000→ 100,000 totalExercise: $1.10From: 2010-07-22Exp: 2020-01-22→ Common Stock (100,000 underlying) - Disposition to Issuer
Option to Buy
2011-03-18−125,000→ 125,000 totalExercise: $1.05From: 2009-05-10Exp: 2018-11-10→ Common Stock (125,000 underlying)
Holdings
- 205,000
Common Stock
- 9,500(indirect: By Spouse)
Common Stock
- 205,000
Warrant
Exercise: $0.10From: 2011-01-20Exp: 2011-08-20→ Common Stock (205,000 underlying)
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.