Lomax Lee 4
4 · POKERTEK, INC. · Filed Dec 9, 2009
Insider Transaction Report
Form 4
POKERTEK, INC.PTEK
Lomax Lee
Director
Transactions
- Other
Common Stock
2009-10-15$0.99/sh+16,078$15,917→ 568,603 total - Sale
Common Stock
2009-12-09$0.76/sh−700$532→ 571,851 total - Other
Common Stock
2009-12-01$0.83/sh+3,948$3,277→ 572,551 total
Footnotes (3)
- [F1]Reporting Person received quarterly compensation in the form of common stock, equal to a value of $12,000, for his service on the Board of Directors of PokerTek, Inc., pursuant to a Board Member Agreement with PokerTek.
- [F2]Reporting Person elected to receive interest for the month of September 2009 in the form of common stock at a 13% annual interest rate pursuant to a formula on $500,000 of indebtedness owed by PokerTek for 10 days and $300,000 of indebtedness owed by PokerTek for 20 days. The stock was valued at $0.99 per share under the formula.
- [F3]Reporting Person elected to receive interest for the month of October 2009 in the form of common stock at a 13% annual interest rate pursuant to a formula on $300,000 of indebtedness owed by PokerTek. The stock was valued at $0.83 per share under the formula.