IMAGE SOFTWARE INC 4
4 · IMAGE SOFTWARE INC · Filed Apr 19, 2005
Insider Transaction Report
Form 4
WIEGAND ROBERT II
DirectorSecretary
Transactions
- Purchase
Line of Credit (Convertible Note)
2005-03-31+160,713→ 160,713 total(indirect: See footnote)Exercise: $0.14From: 2005-03-31Exp: 2007-06-30→ Common Stock (160,713 underlying)
Footnotes (1)
- [F1]The Reporting Person holds an indirect 4.3% interest in DEMALE, LLC through Gold King Investments LLC which holds a 23.8% interest in DEMALE. DEMALE holds a Line of Credit (Convertible Note) which includes a conversion right for the principal amount of, and unpaid interest on, the Line of Credit. The conversion rate is equal to $.14 per share or 80% of the fair market value on the date of the written notice, whichever is lower at the time of conversion. Currently the Line of Credit, including interest through March 31, 2005, is convertible into 3,740,057 shares at $0.14 per share.