ADLER FREDERICK R 4
4 · SentiSearch, Inc. · Filed Apr 12, 2010
Insider Transaction Report
Form 4
ADLER FREDERICK R
Director
Transactions
- Conversion
Subordinated Convertible Promissory Note
2010-04-08−50,898.63→ 0 totalExercise: $0.05From: 2010-04-08→ Common Stock (1,017,972 underlying) - Conversion
Common Stock, par value $.0001 per share
2010-04-08$0.05/sh+1,017,972$50,899→ 2,154,913 total - Gift
Common Stock, par value $.0001 per share
2010-01-04−375,000→ 1,136,941 total
Footnotes (2)
- [F1]Mr. Adler was the holder of a Subordinated Convertible Promissory Note dated October 26, 2009 (the "Convertible Note") in the principal amount of $50,000, plus interest made by SentiSearch, Inc. (the "Company"). Pursuant to the terms of the Convertible Note, the exercise price was determined on April 8, 2010 at $0.05 per share. On April 8, 2010, Mr. Adler elected to convert the Convertible Note into the number of shares set forth in the table in satisfaction of the principal and interest outstanding on such date.
- [F2]Represents the principal and interest outstanding under the Convertible Note at April 8, 2010.