4//SEC Filing
SOLOMON STEVEN B 4
Accession 0001140361-04-003283
CIK 0000752789other
Filed
May 25, 8:00 PM ET
Accepted
May 26, 11:33 AM ET
Size
9.0 KB
Accession
0001140361-04-003283
Insider Transaction Report
Form 4
CT HOLDINGS INCCITN
SOLOMON STEVEN B
DirectorCEO10% Owner
Transactions
- Other
Convertible Note
2004-05-24+23,666,667→ 23,666,667 total(indirect: By CITN Investment Inc.)→ Common Stock (23,666,667 underlying) - Award
Right to buy options
2001-04-01$0.20/sh+0$0→ 2,000,000 totalExercise: $0.20From: 2001-04-01Exp: 2011-04-01→ Common Stock (2,000,000 underlying)
Footnotes (2)
- [F1]Options previously reported on Form 4s.
- [F2]Mr. Solomon is a 50% owner of CITN Investment, Inc. (CII), which loaned $200,000 to the Company pursuant to a convertible note. If the note is converted, CII would own 23,666,667 shares of CT Holdings common stock. The note was issued pursuant to a loan and security agreement, which provides for advances of up to $600,000 (including the $200,000 already advanced) at the discretion of CII. If all funds are advanced, and the notes converted, CII would own 71,000,000 shares of the CT Holdings common stock.
Documents
Issuer
CT HOLDINGS INC
CIK 0000752789
Entity typeother
Related Parties
1- filerCIK 0000924806
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 11:33 AM ET
- Size
- 9.0 KB