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
2004-01-01+830,000→ 854,000 total(indirect: By Corporation) - Exercise/Conversion
Preferred Stock, Series C, PV $1.00
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.