4//SEC Filing
Titan Global Holdings, Inc. 4
Accession 0001144204-06-023320
CIK 0000770471operating
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 3:12 PM ET
Size
12.6 KB
Accession
0001144204-06-023320
Insider Transaction Report
Form 4
MARKS DAVID M
Director10% Owner
Transactions
- Other
Convertible Promissory Note
2006-03-24+4,500,000→ 4,600,000 total(indirect: See footnote)Exercise: $0.10From: 2006-03-24Exp: 2013-03-24→ Common Stock (4,500,000 underlying) - Award
Warrants
2006-03-24+6,750,000→ 11,350,000 total(indirect: See footnote)Exercise: $0.23From: 2006-03-24Exp: 2006-12-31→ Common Stock (6,750,000 underlying) - Other
Common Stock
2005-12-31−66,000,000→ 27,897,349 total(indirect: See footnote) - Other
Common Stock
2005-12-30$0.06/sh+9,253,414$591,293→ 93,897,349 total(indirect: See footnote)
Footnotes (4)
- [F1]Mr. Marks has sole voting and dispositive power of the shares of Farwell Equity Partners, LLC ("Farwell"), Irrevocable Children's Trust, Irrevocable Children's Trust No.2, Phoenix Business Trust, Forest Home Investors I, LLC, Ohio Investors of Wisconsin and Phoenix Investors LLC. Mr. Marks also has sole voting and dispositive power of 200,000 shares of common stock which are issued in his name, which includes 100,000 shares of common stock issuable to Mr. Marks upon exercise of currently exercisable options. Approximately ninety five percent of the membership units of Farwell are owned by Frank Crivello. David Marks owns approximately five percent of the membership units of Farwell and is the Managing Member of Farwell.
- [F2]Represents 9,253,414 shares of common stock issued to Farwell upon conversion of an aggregate of $591,663.31 including accrued interest, at a value of $0.0639 per share.
- [F3]On December 31, 2005, the Company and Farwell entered into an agreement for the Rescission of the Stock Purchase Agreement dated August 12, 2005. Pursuant to the terms of the Rescission Agreement, the Company returned to Farwell shares of Oblio Telecom, Inc. and Farwell returned to the Company the 66,000,000 shares of the Company's common stock.
- [F4]Represents shares issuable upon conversion of a 10% convertible Promissory Note in the maximum principal amount of $450,000 to Farwell.
Documents
Issuer
Titan Global Holdings, Inc.
CIK 0000770471
Entity typeoperating
IncorporatedUT
Related Parties
1- filerCIK 0000770471
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 3:12 PM ET
- Size
- 12.6 KB