POLLAN ROBERT 4
4 · CAPITAL GROWTH SYSTEMS INC /FL/ · Filed Aug 31, 2009
Insider Transaction Report
Form 4
POLLAN ROBERT
CHIEF OPERATING OFFICER
Transactions
- Purchase
CONVERTIBLE DEBENTURE
2009-08-27+177,293→ 13,107,442 totalExercise: $0.24Exp: 2011-05-30→ COMMON STOCK (177,293 underlying) - Purchase
SECOND TRANCHE WARRANTS
2009-08-27+75,983→ 13,107,442 totalExercise: $0.24→ COMMON STOCK (75,983 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 $24,314.34.
- [F4]This amount includes 12,854,166 shares of common stock underlying options, 75,983 shares underlying the Second Tranche Warrants, and 177,293 shares underlying the convertible debenture.