E CENTIVES INC 4
4 · E CENTIVES INC · Filed Apr 27, 2005
Insider Transaction Report
Form 4
E CENTIVES INCECEN
FRIEDLI PETER
Director10% OwnerOther
Transactions
- Purchase
Series C Preferred Stock
2005-04-19$4.00/sh+125,000$500,000→ 2,864,986 total→ Common Stock (1,250,000 underlying) - Purchase
Series C Preferred Stock
2005-04-26$4.00/sh+250,000$1,000,000→ 3,114,986 total→ Common Stock (2,500,000 underlying)
Footnotes (4)
- [F1]The shares of Series C Preferred Stock convert to common stock on a one-for-ten basis. This conversion rate is subject to adjustment in certain circumstances as provided in the Certificate of Designations providing for the terms of the Series C Preferred Stock.
- [F2]The shares of Seires C Preferred Stock convert to common stock at any time at the option of the holder.
- [F3]There is no expiration date applicable to the Series C Preferred Stock.
- [F4]As of April 26, 2005, InVenture, Inc. holds 1,391,514 shares of Series C Preferred Stock, Peter Friedli holds 548,773 shares of Series C Preferred Stock, Venturetec, Inc. holds 799,699 shares of Series C Preferred Stock, and US Venture 05, Inc. holds 375,000 shares of Series C Preferred Stock. Peter Friedli, as the President of each of InVenture, Inc., Venturetec, Inc., and US Venture 05, Inc., may be deemed to beneficially own the shares held by such entities.