DIGITAL CREATIVE DEVELOPMENT CORP 5
5 · DIGITAL CREATIVE DEVELOPMENT CORP · Filed Aug 16, 2007
Insider Transaction Report
Form 5
GALLOWAY BRUCE
10% Owner
Transactions
- Conversion
Common Stock
2007-06-04$0.01/sh+1,750,000$17,500→ 8,072,566 total - Purchase
Common Stock
2007-06-30+3,558,865→ 8,072,566 total(indirect: See Footnote) - Purchase
Common Stock
2007-06-30+2,763,701→ 8,072,566 total
Footnotes (2)
- [F1]Mr. Galloway beneficially owns 8,072,566 shares of common stock of the Issuer, comprised of: (i) 4,513,701 shares held directly (including the 1,750,000 shares purchased on June 4, 2007 and reported in Table 1), and (ii) 3,558,865 shares held indirectly. The shares Mr. Galloway holds indirectly are comprised of (a) 1,947,361 shares held by Mr. Galloway's Individual Retirement Account, (b) 1,040,404 shares held by Jacombs Investments, Ltd., for which Mr. Galloway has the power to vote and dispose ("Jacombs"), (c) 47,500 shares held by RexonGalloway Capital Growth, LLC ("RexonGalloway") an investment company in which Mr. Galloway is a member and has the power to vote and dispose, and (d) 523,600 shares held by Mr. Galloway's children over which he has the power to vote and dispose. Mr. Galloway is a member of Galloway Capital Management LLC, the general partner of Strategic Turnaround Equity Partners, L.P. (Cayman) ("STEP"). (continue on F2).
- [F2]Mr. Galloway disclaims beneficial ownership of the 2,898,000 shares of Common Stock of the Issuer held by STEP. Prior to June 4, 2007, Mr. Galloway beneficially owned an aggregate of 6,322,566 shares of Common Stock of the Issuer, acquired on several dates and at varying prices, of which 2,763,701 shares were held directly and 3,558,865 shares were held indirectly.