DAVIDSON TOM 4
4 · OccuLogix, Inc. · Filed Sep 3, 2009
Insider Transaction Report
Form 4
OccuLogix, Inc.TEAR
DAVIDSON TOM
Director
Transactions
- Purchase
12% Convertible Secured Note Due 2011
2009-07-15$100000.00/sh+0$0→ 0 total(indirect: By Trust)From: 2009-09-01Exp: 2011-07-15→ Common Stock
Footnotes (2)
- [F1]The number of shares of Common Stock issuable upon conversion of this Note shall be determined by dividing the principal amount of the Note, or the part of the principal amount to be converted, plus the accrued but unpaid interest, by $1.3186. In consideration for the purchase by the Holder of this Note, the Company will issue to Holder the right to receive a warrant to purchase shares of Common Stock (the ?Warrant?). The Warrant will have an aggregate exercise price equal to 10% of the initial principal amount of this Note. The Warrant will be issued on the Conversion Date.
- [F2]The note cannot be converted until and unless the shareholders approve the conversion in accordance with the NASDAQ stock market rules.