Flagship Global Health, Inc. 4
4 · Flagship Global Health, Inc. · Filed May 16, 2008
Insider Transaction Report
Form 4
Gardy Mark
Chief Medical Officer and SVP
Transactions
- Other
Convertible Note
2008-05-15−9,259→ 64,815 totalExercise: $0.90Exp: 2009-01-31→ Common Stock (9,259 underlying)
Footnotes (3)
- [F1]On January 30, 2006, Flagship Global Health, Inc., a Delaware corporation (the "Issuer") and Dr. Gardy entered into that certain Junior Secured Convertible Term Note (the "Note"), pursuant to which Dr. Gardy loaned the Issuer $100,000 (the "Loan") and, in consideration, received a Note originally convertible into 111,111 shares of Common Stock of the Issuer. Due to partial repayment of the Loan by the Issuer on May 15, 2008, the Note is convertible into 9,259 fewer shares of Common Stock.
- [F2]The Note is immediately convertible into common stock at the holder's request.
- [F3]Prior to Dr. Gardy becoming a Reporting Person, the Issuer made certain other partial repayments of the Loan, thereby decreasing the number of shares of Common Stock into which the Note is convertible from 111,111 to 74,074.