QUANTUM GROUP INC /FL 3
3 · QUANTUM GROUP INC /FL · Filed Oct 19, 2009
Insider Transaction Report
Form 3
PAULSON CAPITAL CORP
Other
Holdings
- (indirect: See Footnote)
Underwriter Warrants (Right to buy Units)
Exercise: $13.20From: 2008-12-12Exp: 2012-12-12→ Common Stock (588,000 underlying) - (indirect: See Footnote)
Convertible Promissory Note (Convertible into Common Stock)
Exercise: $0.42From: 2009-01-12Exp: 2009-03-31→ Common Stock (200,000 underlying) - (indirect: See Footnote)
Class A Warrants (Right to buy Common Stock)
Exercise: $7.00From: 2008-12-12Exp: 2012-12-12→ Common Stock (65,796 underlying) - 101,920(indirect: See Footnote)
Common Stock
- (indirect: See Footnote)
Convertible Promissory Note (Convertible into Common Stock)
Exercise: $0.42From: 2009-02-10Exp: 2009-04-30→ Common Stock (250,000 underlying) - (indirect: See Footnote)
Class B Warrants (Right to buy Common Stock)
Exercise: $11.00From: 2008-12-12Exp: 2012-12-12→ Common Stock (65,796 underlying) - (indirect: See Footnote)
Convertible Promissory Note (Convertible into Common Stock)
Exercise: $0.42From: 2009-02-26Exp: 2009-05-31→ Common Stock (235,294 underlying)
Footnotes (3)
- [F1]Form filed by more than one reporting person. In addition to Paulson Capital Corp. (PLCC), the following are reporting parties: Chester L.F. Paulson, Jacqueline M. Paulson, Paulson Family LLC (LLC) and Paulson Investment Company, Inc. (PICI). These reporting parties collectively own over 10%. The address for each of the reporting parties is the same as that provided for PLCC. PICI is a registered broker-dealer and a wholly owned subsidiary of PLCC. Mr. and Mrs. Paulson are controlling managers of the LLC, which is a controlling shareholder of PLCC, which is the parent company of PICI. Mr. and Mrs. Paulson and the LLC expressly disclaim any beneficial ownership of securities held in the name of PLCC and PICI.
- [F2]The Reporting Persons own 84,000 Underwriter Warrants. One (1) Underwriter Warrant is excercisable at $13.20 into one Unit of The Quantum Group Inc. Each Unit consist of three (3) shares of common stock, two (2) Class A warrants and two (2) Class B Warrants. Each Class A Warrant is exercisable at $7.00 into one (1) shares of common stock and expire December 12, 2012. Each Class B Warrant is exercisable at $11.00 into one (1) share of common stock and expire December 12, 2012.
- [F3]Three (3) convertible promissory notes dated 01/12/2009, 02/10/2009, and 02/26/2009 are convertible into shares of common stock at $0.425 per share. The three (3) convertible promissory notes mature 03/31/2009, 04/30/2009, and 05/31/2009 respectively, but do not expire. If promissory note is not paid in full by maturity date, the convertible promissory notes continue with the same convertible terms.