HARTVILLE GROUP INC 4
4 · HARTVILLE GROUP INC · Filed Sep 24, 2007
Insider Transaction Report
Form 4
HARTVILLE GROUP INCHTVL.OB
MIDSUMMER INVESTMENT LTD
10% Owner
Transactions
- Purchase
Common Stock Warrant
2007-09-19+8,438,819→ 8,438,819 totalExercise: $0.15From: 2007-09-19Exp: 2011-09-19→ Common Stock, $.001 par value (8,438,819 underlying) - Purchase
Convertible Debenture
2007-09-19$1000000.00/sh→ 8,438,819 totalExercise: $0.15From: 2007-09-19Exp: 2010-09-19→ Common Stock, $.001 par value (8,438,819 underlying)
Footnotes (3)
- [F1]8,438,818 shares of common stock are issuable within 60 days of the date hereof upon the exercise of Warrants beneficially held by Midsummer at an exercise price of $0.15 per share.
- [F2]Midsummer Capital, LLC is the investment advisor to Midsummer. Mr. Michel Amsalem, a director of the Hartville, has delegated authority from the members of Midsummer Capital, LLC with respect to the shares of Common Stock owned by Midsummer. Mr. Amsalem may be deemed to share dispositive power over the shares of common stock held by Midsummer. By virtue of Mr. Amsalem's indirect beneficial ownership of such shares, Mr. Amsalem has filed a separate Form 4 as to such shares. Mr. Amsalem has no legal right to maintain such delegated authority and therefore disclaims beneficial ownership of such shares of Common Stock.
- [F3]8,438,819 shares of common stock are issuable within 60 days of the date hereof upon conversion of convertible debentures beneficially held by Midsummer at a conversion price of $0.15.