4//SEC Filing
IMAGE SOFTWARE INC 4
Accession 0001144204-05-011985
CIK 0000723574operating
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 10:32 AM ET
Size
8.7 KB
Accession
0001144204-05-011985
Insider Transaction Report
Form 4
DEYOUNG DAVID R
DirectorCEO and President10% Owner
Transactions
- Purchase
Warrant to purchase Common Stock
2005-03-31+30,000→ 30,000 totalExercise: $0.14From: 2003-04-30Exp: 2008-04-01→ Common Stock (30,000 underlying) - Purchase
Line of Credit (Convertible Note)
2005-03-31+949,067→ 949,067 total(indirect: See footnote)Exercise: $0.14From: 2005-03-31Exp: 2007-06-30→ Common Stock (949,067 underlying)
Footnotes (2)
- [F1]The warrant was amended on March 31, 2005 to provide that it is exercisable at the lesser of $.14 or 80% of the fair market value as the date of the actual exercise.
- [F2]The Reporting Person holds a 25.4% interest in DEMALE, LLC which 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. As amended on March 31, 2005, 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.
Documents
Issuer
IMAGE SOFTWARE INC
CIK 0000723574
Entity typeoperating
IncorporatedCO
Related Parties
1- filerCIK 0000723574
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 10:32 AM ET
- Size
- 8.7 KB