Cox Edward M. 4
4 · NEXMED INC · Filed Mar 17, 2010
Insider Transaction Report
Form 4
NEXMED INCNEXM
Cox Edward M.
VP of Corp. Development and IR
Transactions
- Award
Common Stock
2010-03-15$0.17/sh+324,327$54,487→ 477,396 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 324,327 shares of the Issuer's Common Stock, par value $0.001 per share, as permitted and on the terms set forth in the Note.