COLATOSI THOMAS J 4
4 · BIO KEY INTERNATIONAL INC · Filed May 3, 2004
Insider Transaction Report
Form 4
Colatosti Thomas J.
Director
Transactions
- Conversion
Convertible Promissory Note (right to buy)
2004-04-29$375000.00/sh−0$0→ 0 totalFrom: 2004-03-03Exp: 2005-10-01→ Common Stock (500,000 underlying) - Award
Series C Convertible Preferred Stock (right to buy)
2004-04-29$100.00/sh+3,750$375,000→ 3,750 totalExercise: $0.75From: 2004-04-29→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]This convertible promissory note in the principal amount of $375,000 was convertible at the election of the reporting person into either (i) shares of the issuer's common stock at a conversion price of $.75 per share, or (ii) Series C Convertible Preferred Stock of the issuer at a conversion price of $100 per share. On April 29, 2004, the Note was converted into 3,750 shares of Series C Convertible Preferred Stock
- [F2]None
- [F3]Acquired 3,750 shares of Series C Preferred Stock upon conversion of $375,000 principal amount convertible promissory note. Each share has a $100 face amount and is convertible at the election of the reporting person into shares of the issuer's common stock at a conversion price of $.75 per share.