OLEXA JEFF 4
4 · CRESCENT COMMUNICATIONS INC · Filed Aug 6, 2004
Insider Transaction Report
Form 4
OLEXA JEFF
Director
Transactions
- Conversion
Common stock
2004-08-06$0.09/sh+1,283,187.5$112,921→ 6,000,827 total - Other
Common stock
2004-08-06$0.09/sh−1,283,187$112,920→ 6,000,827 total - Conversion
Series A Preferred Stock
2004-08-06$0.09/sh−5.484$0→ 25.647 totalExercise: $113335.00From: 2001-07-01→ Common Stock (1,283,187 underlying)
Footnotes (3)
- [F1]Conversion of Series A Preferred Stock to pay off contractual obligations totaled $113,335 (Convertible Notes entered August 2003 which are secured by and convertible into shares of Series A Preferred Stock which are, in turn, convertible into shares of Common Stock). Each share of Series A Preferred stock is convertible into 233,975 shares of Common Stock.
- [F2]This amount represents the number of shares of Common Stock as if the Reporting Person had converted all of his shares of Series A Preferred Stock.
- [F3]The shares of Series A Preferred Stock do not have an expiration date.