N HERRICK IRREVOCABLE ABC TRUST 4
4 · MEDIABAY INC · Filed May 26, 2004
Insider Transaction Report
Form 4Exit
MEDIABAY INCMBAY
N HERRICK IRREVOCABLE ABC TRUST
10% Owner
Transactions
- Other
Common Stock
[F1]2004-05-25−2,964,180→ 0 total - Other
Convertible Senior Subordinated Note Due September 30, 2007
[F1]2004-05-25→ 0 totalExercise: $0.56From: 2002-10-03Exp: 2007-09-30→ Common Stock (892,857 underlying) - Other
Series A Convertible Preferred Stock
[F1][F2]2004-05-25−25,000→ 0 totalExercise: $0.56→ Common Stock (4,464,285 underlying)
Footnotes (2)
- [F1]On May 25, 2004, the N. Herrick Irrevocable ABC Trust ("Trust") distributed 2,964,180 shares of Common Stock of the Issuer to Norton Herrick, the beneficiary of the Trust. On May 25, 2004, the Trust also distributed to Norton Herrick, the beneficiary of the Trust, the $500,000 Convertible Senior Subordinated Note Due September 30, 2007 (the "Trust Note"), which is convertible into 892,857 shares of Common Stock, and 25,000 shares of Series A Convertible Preferred Stock ("Series A Preferred Stock"), which is convertible into 4,464,285 shares of Common Stock.
- [F2]The Series A Preferred Stock is convertible immediately and has no expiration date.
Signature
/s/ Howard Herrick, as Trustee|2004-05-25