4//SEC Filing
MARINE JET TECHNOLOGY CORP 4
Accession 0001170918-05-000283
CIK 0001139683operating
Filed
May 2, 8:00 PM ET
Accepted
May 3, 11:28 AM ET
Size
6.7 KB
Accession
0001170918-05-000283
Insider Transaction Report
Form 4
Guez Elizabeth
Chief Operating Officer
Transactions
- Other
Series A Convertible Preferred Stock
2005-04-29+635,643→ 635,643 total(indirect: By Spouse)→ Common Stock
Footnotes (2)
- [F1]The Reporting Person's spouse obtained the securities pursuant to the closing of the transactions contemplated under an Exchange Agreement dated April 14, 2005. The securities are convertible into common stock, at a rate of 841 shares of common stock for each share of preferred stock, or an aggregate of 534,574,596 shares of common stock (pre stock-split), immediately and automatically upon the filing and acceptance of an amendment to the Issuer's Certificate of Incorporation increasing the authorized number of shares of common stock and effecting a reverse stock split of the Common Stock so as to permit the conversion of all outstanding shares of the Issuer's Series A Preferred Stock. Upon the effectiveness of the 1-for-29 reverse stock split, the securities shall be convertible into 18,433,647 shares of common stock.
- [F2]The Reporting Person may be deemed to beneficially own such securities, but disclaims beneficial ownership in such securities, except to the extent of the Reporting Person's pecuniary interest therein.
Documents
Issuer
MARINE JET TECHNOLOGY CORP
CIK 0001139683
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001139683
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 11:28 AM ET
- Size
- 6.7 KB