USA BROADBAND INC 4
4 · USA BROADBAND INC · Filed Sep 26, 2003
Insider Transaction Report
Form 4
USA BROADBAND INCUSBU.OB
MOORE PAUL A
10% Owner
Transactions
- Other
Common Stock
2003-06-30$1.10/sh+431,818$475,000→ 1,034,841 total - Gift
Common Stock
2003-06-30−200,000→ 834,841 total
Footnotes (2)
- [F1]The 431,818 shares of common stock were issued to Mr. Moore in connection with his election to convert outstanding principal and accrued interest owed under a promissory note into shares of common stock of USA Broadband, Inc. at a conversion price of $1.10 per share.
- [F2]Of the total number of shares of common stock beneficially owned by Mr. Moore, 203,000 shares are held of record by Maroon Bells Capital, L.L.C., a merchant banking firm, of which Mr. Moore is a member. Mr. Moore shares voting and dispositive power with Maroon Bells for these shares.