Scotti Donald James 4
4 · IMARX THERAPEUTICS INC · Filed Jun 2, 2010
Insider Transaction Report
Form 4
Scotti Donald James
DirectorPresident10% Owner
Transactions
- Sale
$200,000 Promissory Note
2010-05-28−0→ 0 total(indirect: Red Cat Productions) - Purchase
Common Stock
2010-05-28$0.01/sh+25,542,784$199,234→ 27,850,247 total(indirect: Red Cat Productions)
Footnotes (2)
- [F1]Red Cat Productions, Inc., a corporation owned 100% by the reporting person, gave notice of its election to convert a Promissory Note principal amount of $200,000 payable to Red Cat by the Company into shares of the Company's common stock. Pursuant to the terms of the note, the conversion price was calculated as the average three trading prices of the shares of Company common stock on the three trading days preceding the date of conversion.
- [F2]The shares will be issued to Red Cat Productions, Inc. following an amendment to the Company's certificate of incorporation resulting in an increase in the authorized number of shares of common stock of the Company. The amendment is expected to be approved by the Company's shareholders in July 2010.