4//SEC Filing
ATLANTIC INVESTMENT TRUST 4
Accession 0001140361-03-002074
CIK 0001088436other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 5:19 PM ET
Size
11.9 KB
Accession
0001140361-03-002074
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (4)
- [F1]The securities were issued to Grace Holdings, Inc., a wholly-owned subsidiary of the reporting person (“Grace”), as designee of Edward T. Whelan, who was entitled to receive the securities pursuant to the terms of Mr. Whelan’s consulting agreement and executive compensation agreement with Military Resale Group, Inc. For accounting purposes, the securities were valued at $0.25 per share, $0.18 per share and $0.18 per share, respectively.
- [F2]The securities were issued to Grace, as designee of Edward T. Whelan, who was entitled to receive the securities pursuant to the terms of Mr. Whelan’s executive compensation agreement with Military Resale Group, Inc. For accounting purposes, the securities were valued at $0.165 per share.
- [F3]The conversion price of the convertible note has been initially set at $0.50; provided, that the closing price per share of the issuer’s common stock as reported on the OTC Bulletin Board on the date of conversion is at least $0.75 per share. If such closing price is less than $0.75 per share, the conversion price shall be proportionately reduced, but in no event to a conversion price that is less than $0.25 per share. Assuming a conversion price of $0.25 per share, the maximum number of shares issuable upon conversion is shown in Column 7 above.The convertible note does not have an expiration date.
- [F4]The reporting person is delinquent in the timely reporting of this transaction.
Documents
Issuer
MILITARY RESALE GROUP INC
CIK 0001088436
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0001187166
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 5:19 PM ET
- Size
- 11.9 KB