Axion Power International, Inc. 4
4 · Axion Power International, Inc. · Filed Jun 20, 2006
Insider Transaction Report
Form 4
PETERSEN JOHN L
Director
Transactions
- Other
Common Stock
2006-01-30$2.50/sh−275,000$687,500→ 481,000 total(indirect: *) - Disposition to Issuer
Capital Warrants
2005-12-10−91,700→ 0 totalExercise: $2.00From: 2005-11-11Exp: 2007-01-21→ Common Stock (91,700 underlying) - Disposition to Issuer
Common Stock Warrants
2006-01-30−275,000→ 0 totalExercise: $4.00From: 2005-11-11Exp: 2006-11-10→ Common Stock (275,000 underlying) - Other
Common Stock
2006-01-30$2.50/sh+475,000$1,187,500→ 756,000 total(indirect: *)
Footnotes (2)
- [F1]Note 1: On November 11, 2005, the reporting person entered into a binding contract to sell 475,000 shares of the issuer's common stock to a European investor at a price of $2.50 per share and concurrently: A. Agreed to purchase 275,000 units, each consisting of one share of common stock and one common stock purchase warrant, from the issuer at a price of $2.50 per unit; and B. Agreed to purchase 91,700 capital warrants from an individual at a price of $0.25 per warrant. Following a default by the European investor who had agreed to purchase 475,000 shares of common stock from the reporting person, all three contracts were rescinded, the securities to be purchased from the issuer were cancelled and the capital warrants were returned to the original holder
- [F2]Note 2: These securities are owned by the law firm of Petersen & Fefer, attorneys, Barbereche, Switzerland