Remote Dynamics Inc 4
4 · Remote Dynamics Inc · Filed Apr 23, 2007
Insider Transaction Report
Form 4
Walters David Allen
Director10% Owner
Transactions
- Purchase
Series E-7 Warrants
2007-03-26$300000.00/sh+14,062,500$4,218,750,000,000→ 72,421,875 total(indirect: By Bounce Mobile Systems, Inc.)Exercise: $0.02From: 2007-03-26Exp: 2014-03-26→ Common Stock (14,062,500 underlying) - Purchase
Series F-4 Warrants
2007-03-26$300000.00/sh+14,062,500$4,218,750,000,000→ 72,421,875 total(indirect: By Bounce Mobile Systems, Inc.)Exercise: $0.03→ Common Stock (14,062,500 underlying) - Purchase
Series B Subordinated Secured Convertible Notes
2007-03-26$300000.00/sh(indirect: By Bounce Mobile Systems, Inc.)Exercise: $0.02From: 2007-03-26Exp: 2010-03-26→ Common Stock (26,250,000 underlying)
Footnotes (3)
- [F1]Represents securities owned by Bounce Mobile Systems, Inc. Reporting Person is Chairman and Chief Executive Officer of Bounce Mobile Systems, Inc., and the Managing Member of Monarch Bay Capital Group, LLC. Monarch Bay Capital Group, LLC owns 95.8% of the outstanding capital stock of Bounce Mobile Systems, Inc.
- [F2]On March 26, 2007, Bounce Mobile Systems, Inc. invested $300,000 in the Issuer in exchange for (i) $420,000 principal amount of the Issuer's series B subordinated secured convertible promissory notes, (ii) Series E-7 warrants to purchase 14,062,500 shares of the Issuer's common stock and (iii) Series F-4 warrants to purchase 14,062,500 shares of the Issuer's common stock.
- [F3]The F-4 Warrants are exercisable for a four-year period beginning on the date a resale registration statement for the shares underlying the warrants is declared effective by the Securities and Exchange Commission.