4//SEC Filing
QORUS COM INC 4
Accession 0001170918-06-000608
CIK 0001095691operating
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 2:31 PM ET
Size
9.6 KB
Accession
0001170918-06-000608
Insider Transaction Report
Form 4
QORUS COM INCQRUS
Kall Richard
DirectorChief Executive Officer10% Owner
Transactions
- Other
Series A Convertible Preferred Stock
2006-06-15+41,674→ 41,674 total(indirect: By Spouse)→ Common Stock - Other
Series A Convertible Preferred Stock
2006-06-15+395,397→ 395,397 total(indirect: By Trust)→ Common Stock
Footnotes (2)
- [F1]The Richard Kall Family Trust obtained the securities pursuant to the closing of transactions contemplated under an Exchange Agreement dated May 23, 2006. The securities are convertible at a rate of 1,024.340735 shares of common stock for each share of preferred stock, or an aggregate of 412,138,400 shares of common stock (pre reverse-split), automatically upon the filing and acceptance of an amendment to the Issuer's Articles of Incorporation increasing the authorized number of shares of common stock and effecting a 1-for-50 reverse stock split of the common stock. Upon the effectiveness of the reverse split the securities shall be convertible into 8,242,768 shares of common stock. As the Trustee of The Richard Kall Family Trust the Reporting Person may be deemed to beneficially own such shares, but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F2]The Reporting Person's Spouse obtained the securities pursuant to the closing of transactions contemplated under an Exchange Agreement dated May 23, 2006. The securities are convertible at a rate of 1,024.340735 shares of common stock for each share of preferred stock, or an aggregate of 43,438,508 shares of common stock (pre reverse-split), automatically upon the filing and acceptance of an amendment to the Issuer's Articles of Incorporation increasing the authorized number of shares of common stock and effecting a 1-for-50 reverse stock split of the common stock. Upon the effectiveness of the reverse split the securities shall be convertible into 868,771 shares of common stock. The Reporting Person may be deemed to beneficially own shares held by his spouse, but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Documents
Issuer
QORUS COM INC
CIK 0001095691
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001095691
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 2:31 PM ET
- Size
- 9.6 KB