GREGG DOUGLASS G 4
4 · PARAMCO FINANCIAL GROUP INC · Filed Apr 13, 2004
Insider Transaction Report
Form 4
GREGG DOUGLASS G
10% Owner
Transactions
- Other
COMMON STOCK
2003-12-09$0.50/sh−1,585,000$792,500→ 19,027,505 total
Footnotes (2)
- [F1]THE TRANSACTION, WHICH IS THE SUBJECT OF THIS REPORT, WAS ONE IN WHICH AIRLINE TRANSFERRED, IN A NON-PUBLIC TRANSACTION, AN AGGREGATE OF 1,585,000 RESTRICTED SHARES OF COMMON STOCK, REPRESENTING APPROXIMATELY 3.9% OF THE TOTAL ISSUED AND OUTSTANDING SHARES OF COMMON STOCK, TO SIX ENTITIES AND INDIVIDUALS. THE PURPOSE OF THE TRANSACTION WAS TO SATISFY, IN WHOLE OR IN PART, CERTAIN OBLIGATIONS OF AILINE AND MR. GREGG.
- [F2]OF THESE SHARES, 11,715,000 ARE OWNED OF RECORD AND BENEFICIALLY BY AIRLINE COMMUNICATIONS, LTD., AN ENTITY THAT IS CONTROLLED BY MR. GREGG. MR. GREGG IS THE RECORD AND BENEFICIAL OWNER OF AN ADDITIONAL 7,312,505 SHARES HELD IN HIS OWN NAME.