4//SEC Filing
EARTHSHELL CORP 4
Accession 0001144204-05-016731
CIK 0000911801operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 9:18 PM ET
Size
15.8 KB
Accession
0001144204-05-016731
Insider Transaction Report
Form 4
EARTHSHELL CORPERTH
KHASHOGGI LAYLA
Director10% Owner
Transactions
- Other
Common Stock
2005-02-05+44,387→ 6,571,222 total(indirect: See Footnote) - Other
Warrant
2003-03-05+83,333→ 83,333 total(indirect: See Footnote)Exercise: $0.04From: 2003-03-05Exp: 2013-03-05→ Common Stock (83,333 underlying) - Other
Common Stock Option (right to buy)
2005-05-04−1,000,000→ 0 total(indirect: See Footnote)Exercise: $2.30From: 2005-02-01Exp: 2015-02-01→ Common Stock (1,000,000 underlying) - Other
Warrant
2005-05-04+1,000,000→ 1,000,000 total(indirect: See Footnote)Exercise: $3.00From: 2005-05-04Exp: 2015-05-04→ Common Stock (1,000,000 underlying) - Award
Common Stock Option (right to buy)
2005-02-01+1,000,000→ 1,000,000 total(indirect: See Footnote)Exercise: $2.30From: 2005-02-01Exp: 2015-02-01→ Common Stock (1,000,000 underlying)
Footnotes (7)
- [F1]Issued pursuant to that certain Agreement (the "Agreement") by and between Issuer and the Reporting Person dated as of July 16, 2004. Pursuant to the Agreement, accrued and unpaid interest (the "Interest") on certain debt obligations of Issuer in favor of the Reporting Person was to be converted into shares of Issuer's common stock at an initial conversion price of $4.00 per share. Because certain conditions under the Agreement were not met, Issuer became obligated to issue to the Reporting Person additional shares of common stock such that the total number of shares issued upon conversion of the Interest would equal the Interest divided by a conversion price of $3.00 per share.
- [F2]By Reporting Person's children and E. Khashoggi Industries LLC, an affiliate of the Reporting Person.
- [F3]Granted as consideration for loans made to the Issuer by E. Khashoggi Industries LLC ("EKI"), an affiliate of the reporting person, for forebearing license payments owed to EKI and for entering into various restrictive arrangements to accommodate financing arrangements entered into between Issuer and EKI.
- [F4]By E. Khashoggi Industries LLC, an affiliate of the Reporting Person.
- [F5]By Reporting Person's spouse.
- [F6]On February 1, 2005, the Reporting Person's spouse was granted the option to purchase 1,000,000 shares of common stock. On May 4, 2005, the Issuer rescinded this option grant.
- [F7]Granted as consideration for loans made to the Issuer by EKI for forebearing license payments owed to EKI, for entering into various restrictive arrangements to accommodate financing arrangements entered into between Issuer and EKI, and for EKI converting indebtedness into Issuer's equity.
Documents
Issuer
EARTHSHELL CORP
CIK 0000911801
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000911801
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 9:18 PM ET
- Size
- 15.8 KB