ACTIVE LINK COMMUNICATIONS INC 4
4 · ACTIVE LINK COMMUNICATIONS INC · Filed Aug 15, 2003
Insider Transaction Report
Form 4
ELLS TIMOTHY A
DirectorPresident, CEO10% Owner
Transactions
- Other
Common Stock
2003-03-28−1,000,000→ 8,959,651 total - Purchase
Warrant - Right to Buy
2003-08-14+300,000→ 300,000 totalExercise: $0.25From: 2003-08-14Exp: 2008-08-13→ Common Stock (300,000 underlying) - Purchase
Convertible Promissory Note - Right to Buy
2003-08-14$300000.00/sh+1,200,000$360,000,000,000→ 1,200,000 totalExercise: $0.25From: 2003-08-14Exp: 2004-08-14→ Common Stock (1,200,000 underlying)
Footnotes (3)
- [F1]The Reporting Person did not receive monetary compensation for the disposal of these shares. Refer to Note (J). In connection with this transaction the Issuer made a Convertible Promissory Note to the Reporting Person and issued warrants to the Reporting Person. The Note expires August 14, 2004 and is convertible into 1,200,000 of the Issuers common stock. Accrued interest may also be converted which would increase the number of shares of common stock underlying the Convertible Promissory Note.
- [F2]Does not include shares Reporting Person may acquire through exercise of options and warrants.
- [F3]Reporting Person also owns stock and options