Cox Edward M. 4
4 · NEXMED INC · Filed Jan 13, 2010
Insider Transaction Report
Form 4
NEXMED INCNEXM
Cox Edward M.
VP of Corp. Development and IR
Transactions
- Award
Common Stock
2010-01-11$0.17/sh+52,819$8,874→ 153,069 total
Footnotes (1)
- [F1]Pursuant to the terms of the promissory note in the principal amount of $303,984.65 (the "Note") issued by the Issuer, under the Agreement and Plan of Merger, dated as of November 20, 2009, by and among the Issuer, BQ Acquisition Corp., a Delaware corporation and wholly-owned subsidiary of the Issuer, Bio-Quant, Inc., a Utah corporation, and certain other parties listed therein, the Issuer has elected to repay a portion of the principal and accrued interest outstanding under the Note through the issuance of 52,819 shares of the Issuer's Common Stock, par value $0.001 per share, as permitted and on the terms set forth in the Note.