3//SEC Filing
MONARCH STAFFING, INC. 3
Accession 0001140377-07-000146
CIK 0001177326operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 1:27 PM ET
Size
6.2 KB
Accession
0001140377-07-000146
Insider Transaction Report
Form 3
Szot Matthew K
Chief Financial Officer
Holdings
- 207,083
Common Stock
Series A Preferred Stock
From: 2007-06-29→ Common Stock (125,000 underlying)
Footnotes (4)
- [F1]Restricted stock award which vests on June 29, 2008.
- [F2]Based on conversion of shares of Series A Preferred Stock at a conversion price of $0.20 per share.
- [F3]Each share of Series A Preferred Stock is convertible into a number of shares of the Issuer's Common Stock determined by dividing (i) the sum of liquidation preference of such share of Series A Preferred Stock ($100), plus any accrued but unpaid dividend thereon, by (ii) a conversion price equal to (a) at any time prior to November 15, 2007, $0.20 and (b) from and after November 15, 2007, the lower of (x) $0.20 or (y) 75% of the average of the three lowest intraday trading prices for the Common Stock on a principal market for the 20 trading days before but not including the conversion date.
- [F4]N/A
Documents
Issuer
MONARCH STAFFING, INC.
CIK 0001177326
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001177326
Filing Metadata
- Form type
- 3
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 1:27 PM ET
- Size
- 6.2 KB