WESTERN GOLDFIELDS INC 4
4 · WESTERN GOLDFIELDS INC · Filed Jul 2, 2007
Insider Transaction Report
Form 4
WESTERN GOLDFIELDS INCWGDF.OTCBB
OLIPHANT RANDALL
DirectorChairman of the Board
Transactions
- Other
Common Stock
2007-06-28$0.45/sh+1,250,000$562,500→ 4,250,000 total(indirect: By Rockcliff Group Limited) - Conversion
Options to Purchase Common Stock
2007-06-28−1,250,000→ 0 total(indirect: By Rockcliff Group Limited)Exercise: $0.45From: 2006-02-13Exp: 2008-02-12→ Common Stock (1,250,000 underlying)
Footnotes (2)
- [F1]Rockcliff Group Limited exercised 1,250,000 warrants to purchase shares of common stock of Western Goldfields, Inc. at $0.45 per warrant.
- [F2]The reported shares are owned directly by Rockcliff Group Limited, a corporation of which the reporting person is the sole shareholder, chairman and chief executive officer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.