4//SEC Filing
RIELY TERRENCE 4
Accession 0001139020-05-000016
CIK 0001103406other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 8:02 PM ET
Size
7.8 KB
Accession
0001139020-05-000016
Insider Transaction Report
Form 4
RIELY TERRENCE
DirectorCFO
Transactions
- Other
Common Stock
2005-01-05−647,440→ 3,300 total - Other
Common Stock
2005-01-05+12,900,000→ 12,903,300 total
Footnotes (2)
- [F1]On January 5, 2005, Terrence Riely tendered an aggregate of 647,440 shares of the Common Stock of Paramco Financial Group, Inc. ("Paramco") to Paramco for cancellation. Mr. Riely was the record and beneficial owner of 500,000 shares of the stock that was canceled. The remaining 147,440 shares that were canceled were owned of record and beneficially by Secured Solutions Financial Group, LLC, a single-member LLC owned 100% by Mr. Riely. There was no monetary consideration for the cancellation of this stock, which was completed to effectuate a more balanced stock ownership by and among the officers and directors of Paramco.
- [F2]On january 5, 2005, Paramco issued 12,900,000 shares of its Common Stock to Mr. Riely as a part of a transaction whereby each of the three officers/directors were issued 12,900,000 shares of Paramco Common Stock as compensation for services rendered, including, but not limited to, the restructuring of substantially all of the debt of Paramco. The shares issued to Mr. Riely have a market price value of $64,500.00.
Documents
Issuer
PARAMCO FINANCIAL GROUP INC
CIK 0001103406
Entity typeother
Related Parties
1- filerCIK 0001215998
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 8:02 PM ET
- Size
- 7.8 KB