REICHENBAUM MARK A 4
4 · URECOATS INDUSTRIES INC · Filed Jan 6, 2004
Insider Transaction Report
Form 4
REICHENBAUM MARK A
Other
Transactions
- Exercise/Conversion
Common Stock, PV $.01
[F2][F1]2004-01-01+830,000→ 854,000 total(indirect: By Corporation) - Exercise/Conversion
Preferred Stock, Series C, PV $1.00
[F1][F2]2004-01-01$20.00/sh−100,000$2,000,000→ 0 total(indirect: By Corporation)From: 2003-12-31Exp: 2003-12-31→ Common Stock, PV $.01 (830,000 underlying)
Holdings
- 10,000
Restricted Option (Right to Buy)
Exercise: $3.15From: 2002-07-01Exp: 2004-06-11→ Common Stock, PV $.01 (10,000 underlying)
Footnotes (2)
- [F1]On February 8, 2002, a corporation in which I own a material interest, purchased 100,000 of of the registrant's Series C Convertible Preferred Shares in connection with a private placement offering pursuant to a subscription agreement, for an aggregate of $2,000,000 in cash, which Series C Convertible Preferred Shares were convertible into restricted shares of common stock according to a conversion ratio price (for determing the ratio for converting the Series C Convertible Preferred Stock into restricted shares of common stock), which was $2.40, as adjusted for the reverse split and share consolidation in 2002, as set forth in the Certificate of Designation of Series C Convertible Preferred Stock.
- [F2]The Certificate of Designation of Series C Convertible Preferred Stock included a Mandatory Conversion Date of January 1, 2004, for all Holders of Series C Convertible Preferred Stock. The 100,000 shares of Series C Convertible Preferred Stock converted into, as adjusted for the reverse split and shares condolidation in 2002, 830,000 shares of restricted common stock.
Signature
For Mark A. Reichenbaum by Michael T. Adams, AS/POA|2004-01-06