MARSHIK FRANK X 4
4 · Blackhawk Fund · Filed Jun 6, 2011
Insider Transaction Report
Form 4
Blackhawk FundBHWF.OB
MARSHIK FRANK X
DirectorPresident and CEO10% Owner
Transactions
- Disposition to Issuer
Series C Preferred Stock
2011-05-06$300000.00/sh−10,000,000$3,000,000,000,000→ 0 total(indirect: See footnote)→ Common Stock
Footnotes (2)
- [F1]The Series C Preferred Stock is not convertible.
- [F2]The Series C Preferred Stock was (prior to the reported transaction) owned by Terminus, Inc. Mr. Marshik has sole voting and investment power over Terminus, Inc. The Series C Preferred Stock is not convertible. Holders of our Series C Preferred Stock are entitled to the number of votes equal to the product of: (a) the number of shares of the Series C Preferred Stock held by such holder, (b) the number of issued and outstanding shares of the Company's common stock, on a fully-diluted basis, as of the record date for the vote, or if no such record date is established, as of the date such vote is taken or any written consent of stockholders is solicited, and (c) 0.000002, which amounts constituted more than 67% of the outstanding votes on the transaction date.