USA BROADBAND INC 4
4 · USA BROADBAND INC · Filed Nov 24, 2003
Insider Transaction Report
Form 4
MOORE PAUL A
10% Owner
Transactions
- Other
Common Stock
2003-11-21$1.10/sh+454,545$500,000→ 1,289,386 total(indirect: By L.L.C.)
Footnotes (2)
- [F1]The 454,545 shares of common stock were issued to Maroon Bells Capital, LLC, a merchant banking firm of which Mr. Moore is a member, in connection with its 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, 657,545 shares are held of record by Maroon Bells Capital, LLC, a merchant banking firm, of which Mr. Moore is a member. Mr. Moore shares voting and dispositive power with Maroon Bells for these shares.