MONEY CENTERS OF AMERICA, INC. 4
4 · MONEY CENTERS OF AMERICA, INC. · Filed Oct 19, 2004
Insider Transaction Report
Form 4
WOLFINGTON CHRISTOPHER
DirectorChairman, CEO and President10% Owner
Transactions
- Award
Common Stock
2004-10-15+3,108,772→ 3,108,772 total(indirect: See Note) - Disposition to Issuer
Warrants (right to buy)
2004-10-15−2,395,000→ 0 totalExercise: $0.01→ Common Stock (2,395,000 underlying) - Award
Common Stock
2004-10-15+13,945,831→ 13,947,831 total - Disposition to Issuer
Series A Preferred Stock
2004-10-15−973,181→ 0 totalExercise: $0.00→ Common Stock (9,731,810 underlying) - Disposition to Issuer
Series A Preferred Stock
2004-10-15−270,328→ 0 total(indirect: See Note)Exercise: $0.00→ Common Stock (2,703,280 underlying)
Footnotes (5)
- [F1]On 10/15/ 2004, Money Centers of America, Inc., a Delaware Corporation ("Money Centers"), became the successor of iGames Entertainment, Inc., a Nevada Corporation ("iGames"), pursuant to the terms of a Merger Agreement dated as of 08/10/2004 (the "Agreement"). Pursuant to the terms of the Agreement, each issued and outstanding share of common stock was converted into one share of Money Centers common stock, each issued & outstanding share of iGames' Series A Convertible Preferred Stock was converted into 11.5 shares of Money Centers common stock & certain issued and outstanding warrants to purchase iGames common stock were converted into 1.15 shares of Money Centers' common stock. Accordingly, Mr. Wolfington was issued 11,191,581 shares of Money Centers' common stock upon cancellation of his iGames Series A Convertible Preferred Stock & was issued 2,754,250 shares of Money Centers' common stock upon cancellation of his warrants to purchase iGames' common stock.
- [F2]Pursuant to the terms of the Merger Agreement, 2003 Grantor Retained Annuity Trust of Christopher M. Wolfington was issued 3,108,772 shares of Money Centers' common stock upon cancellation of its iGames' Series A Preferred Stock.
- [F3]Pursuant to the Merger Agreement, these warrants were cancelled in exchange for the issuance of 2,754,250 shares of Money Centers' Common Stock.
- [F4]Pursuant to the Merger Agreement, these shares of Series A Convertible Preferred Stock were cancelled in exchange for the issuance of 11,191,581 shares of Money Centers' Common Stock.
- [F5]Pursuant to the Merger Agreement, these shares of Series A Convertible Preferred Stock were cancelled in exchange for the issuance of 3,108,772 shares of Money Centers' Common Stock.