MARKS DAVID M 4
4 · Titan Global Holdings, Inc. · Filed Jun 27, 2006
Insider Transaction Report
Form 4
MARKS DAVID M
Director10% Owner
Transactions
- 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) - Conversion
Common Stock
2006-06-22$0.10/sh+4,500,000$450,000→ 32,397,349 total(indirect: See Footnote)
Footnotes (2)
- [F1]Represents shares issued upon conversion of a 10% convertible Promissory Note in the principal amount of $450,000 to Farwell.
- [F2]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.