4//SEC Filing
BAISEITOV BAKHYTBEK R 4
Accession 0001140361-11-048229
CIK 0001093430other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 6:54 PM ET
Size
8.7 KB
Accession
0001140361-11-048229
Insider Transaction Report
Form 4
BAISEITOV BAKHYTBEK R
10% Owner
Transactions
- Other
Common
2011-09-30$0.12/sh+90,000,000$10,800,000→ 90,000,000 total - Other
Common
2011-09-30$0.10/sh+244,457,700$24,445,770→ 334,457,700 total
Footnotes (2)
- [F1]On September 30, 2011, the Reporting Person and the Issuer closed a Loan Consolidation and Restructuring Agreement, as amended (the "Agreement") to consolidate and restructure certain convertible debts of the Issuer held by the Reporting Person. Pursuant to the terms of the Agreement, the Issuer issued to the Reporting Person a Secured Non-Negotiable Note (the "Non-Negotiable Note") in the rincipal amount of $10,800,000 as of September 30, 2011 and a Secured Convertible Consolidated Promissory Note (the "Promissory Note") in the principal amount of $24,445,770 as of September 30, 2011. The Reporting Person does not currently own any shares of Common Stock of the Issuer, rather, such beneficial ownership is through the Non-Negotiable Note, which shall be repaid in Common Stock of the Issuer and the Promissory Note, which is convertible to Common Stock of the Issuer. (Footnote 1 is continued below under "Remarks").
- [F2]Assumes the repayment of the full amount of the Non-Negotiable Note in Common Stock of the Issuer and conversion of the full amount owing under the Promissory Note as of September 30, 2011.
Documents
Issuer
CASPIAN SERVICES INC
CIK 0001093430
Entity typeother
Related Parties
1- filerCIK 0001272232
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 6:54 PM ET
- Size
- 8.7 KB