Takats Joseph Richard 4
4 · IMARX THERAPEUTICS INC · Filed Jun 2, 2010
Insider Transaction Report
Form 4
Takats Joseph Richard
DirectorSenior Exec. VP (Marketing)10% Owner
Transactions
- Sale
$200,000 Promissory Note
2010-05-28−0→ 0 total(indirect: JRT Productions, Inc.) - Purchase
Common Stock
2010-05-28$0.01/sh+25,542,784$199,234→ 27,850,247 total(indirect: JRT Productions, Inc.)
Footnotes (2)
- [F1]JRT 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 JRT 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 JRT 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.