Frohman Scott 4
4 · Upstream Worldwide, Inc. · Filed Jun 3, 2011
Insider Transaction Report
Form 4
Frohman Scott
Director
Transactions
- Exercise/Conversion
Common Stock
2011-06-01+1,000,000→ 5,013,393 total - Exercise/Conversion
Series C Convertible Preferred Stock
2011-06-01−10,000→ 0 total→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]As previously reported on a Form 4, the reporting person exercised warrants at $0.015 per share for Series C Preferred Stock. The Series C automatically converted into a 100 shares of the issuer's common stock after the issuer increased its authorized capital. The Series C had no expiration date.