PAGANO JOSEPH K 4
4 · SentiSearch, Inc. · Filed Apr 12, 2010
Insider Transaction Report
Form 4
PAGANO JOSEPH K
DirectorChairman, CEO, Sec & Treasurer10% Owner
Transactions
- Conversion
Common Stock, par value $.0001 per share
2010-04-08$0.05/sh+1,020,027$51,001→ 2,190,292 total - Conversion
Subordinated Convertible Promissory Note
2010-04-08−51,001.37→ 0 totalExercise: $0.05From: 2010-04-08→ Common Stock (1,020,027 underlying) - Gift
Common Stock, par value $.0001 per share
2010-04-09−523,815→ 1,666,477 total
Holdings
- 25,000(indirect: By Trust)
Common Stock, par value $.0001 per share
Footnotes (3)
- [F1]Mr. Pagano 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 Notes, the exercise price was determined on April 8, 2010 at $0.05 per share. On April 8, 2010, Mr. Pagano 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]The Joseph Pagano, Jr. Trust is a trust established for the reporting person's son. The reporting person disclaims beneficial ownership of these securities. Does not include 1,651,972 shares held by The Joseph A. Pagano, Jr. 2007 Trust, over which Mr. Pagano has no investment or voting control.
- [F3]Represents the principal and interest outstanding under the Convertible Note at April 8, 2010.