SHUTT PATRICK C 4
4 · CAPITAL GROWTH SYSTEMS INC /FL/ · Filed Aug 25, 2009
Insider Transaction Report
Form 4
SHUTT PATRICK C
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Purchase
CONVERTIBLE DEBENTURE
2009-08-21+364,583→ 13,916,667 totalExercise: $0.24Exp: 2011-05-30→ COMMON STOCK (364,583 underlying) - Purchase
JULY WARRANTS
2009-08-21+156,250→ 13,916,667 totalExercise: $0.24→ COMMON STOCK (156,250 underlying)
Footnotes (4)
- [F1]Exercisable/Convertible following the approval by the Company's shareholders of an increase in the number of shares of common stock the Company is authorized to issue to at least 990,000,000 (the "Authorized Share Increase").
- [F2]Expire five years following shareholder approval of the Authorized Share Increase.
- [F3]Issued in connection with the undersigned's purchase of an original issue discount convertible debenture having a principal amount of $87,500.
- [F4]This amount includes 13,395,834 shares of common stock underlying options, 156,250 shares underlying the July Warrants and 364,583 shares underlying the convertible debenture.