Feirstein Douglas 4
4 · Upstream Worldwide, Inc. · Filed Mar 30, 2011
Insider Transaction Report
Form 4
Feirstein Douglas
DirectorChief Executive Officer10% OwnerOther
Transactions
- Exercise/Conversion
Common Stock Warrants (Right to Buy)
2011-03-28−2,500,000→ 0 total(indirect: By LLLP)Exercise: $0.06From: 2011-02-11Exp: 2014-02-11→ Common Stock (2,500,000 underlying) - Award
Series C Convertible Preferred Stock
2011-03-28+25,000→ 25,000 total(indirect: By LLLP)→ Common Stock (2,500,000 underlying)
Footnotes (2)
- [F1]As previously reported on a Form 4, the reporting person purchased these securities in the issuer's private placement. The reporting person exercised these warrants at a reduced price of $0.015 per share of Series C Preferred Stock.
- [F2]The securities automatically convert into the issuer's common stock after the issuer increases its authorized capital. At such time, each share of Series C Preferred Stock will be convertible into 100 shares of the issuer's common stock. The securities have no expiration date.