Lomax Lee 4
4 · POKERTEK, INC. · Filed Sep 25, 2009
Insider Transaction Report
Form 4
POKERTEK, INC.PTEK
Lomax Lee
Director
Transactions
- Other
Common Stock
2009-09-10$0.83/sh+240,964$200,000→ 552,525 total - Other
Common Stock
2009-08-20$0.72/sh+7,710$5,520→ 304,410 total - Other
Common Stock
2009-09-01$0.77/sh+7,151$5,521→ 311,561 total
Footnotes (3)
- [F1]Reporting Person elected to receive interest in the form of common stock at a 13% annual interest rate pursuant to a formula on $500,000 of indebtedness owed by PokerTek. The stock was valued at $0.716 per share under the formula.
- [F2]Reporting Person elected to receive interest in the form of common stock at a 13% annual interest rate pursuant to a formula on $500,000 of indebtedness owed by PokerTek. The stock was valued at $0.772 per share under the formula.
- [F3]Reporting Person converted $200,000 of indebtedness of PokerTek, Inc. into 240,964 shares of restricted common stock at a conversion price of $0.83 per share.