REICHENBAUM MARK A 4
4 · IFT CORP · Filed Jan 3, 2005
Insider Transaction Report
Form 4
IFT CORPIFT
REICHENBAUM MARK A
Other
Transactions
- Award
Common StocK, PV $.01
2004-12-30$0.27/sh+477,524$128,931→ 1,337,810 total - Award
Common Stock, PV $.01
2004-12-15+6,286→ 860,286 total - Sale
Common Stock, PV $.01
2004-12-30$0.25/sh−1,307,524$326,881→ 30,286 total
Footnotes (2)
- [F1]On December 15, 2004, I resigned from the Company's Board of Directors. On December 30, 2004, the Board of Directors approved the vesting of 6,286 shares of restricted common stock awarded to me under the 2002 Non-Employee Director Restricted Stock Plan.
- [F2]On December 30, 2004, the Company paid the dividends accrued prior to the automatic conversion of the Series B Preferred Stock on January 1, 2004 with restricted common stock. The price per share for the entire class of Preferred stockholders was the closing price of the Company's unrestricted common stock as trades on the American Stock Exchange on December 30, 2004.