DAVIS ROBERT EDWARD 4
4 · CRESCENT COMMUNICATIONS INC · Filed Aug 6, 2004
Insider Transaction Report
Form 4
DAVIS ROBERT EDWARD
10% Owner
Transactions
- Conversion
Common Stock
2004-08-06$0.08/sh+729,187.5$58,335→ 1,018,097.5 total - Other
Common Stock
2004-08-06$0.08/sh+729,187.5$58,335→ 729,187.5 total(indirect: Madred Partners Ltd.) - Other
Convertible Note
2004-08-06$58335.00/sh→ 0 totalExercise: $0.08From: 2003-08-23Exp: 2005-08-22→ Common Stock (729,187.5 underlying) - Other
Common stock
2004-08-06$0.08/sh−729,187.5$58,335→ 288,910 total
Footnotes (2)
- [F1]Conversion of a contractual obligation: On August 6, 2004, Mr. Davis received 729,187.5 shares of common stock in payment of a Convertible Note from Jeffrey Olexa under which he had the right to convert shares of Mr. Olexa's Series A Preferred Stock into 729,187.5 shares of common stock at the price of $0.08 per share of common stock. Mr. Davis requested that the shares be issued in the name of Madred Partners Ltd., a family partnership.
- [F2]Transfer to Madred Partners, Ltd., a related party.