FORTUNE TWENTY FIFTH INC 4
4 · FAO INC · Filed Jan 20, 2004
Insider Transaction Report
Form 4
FAO INCFAOO
Transactions
- Sale
Convertible Debt
2004-01-14$1827960.00/sh−1$1,827,960→ 0 totalExercise: $1.95From: 2003-04-23→ Class J Convertible Preferred Stock (1,982.882 underlying)
Footnotes (4)
- [F1]Common Share equivalents and prices take into account a 1:15 reverse stock split completed on April 22, 2003.
- [F2]The securities were issued in compromise of claims through the bankruptcy of the Issuer. The sale was conducted through a private transaction.
- [F3]No expiration date applies.
- [F4]Represents one note in the aggregate principal amount of $1,982,882. The note converts to Class J Convertible Preferred Stock at the rate of one share for every $1,000 of principal amount converted. The Class J Convertible Preferred Stock converts to Common Stock at the rate of $1.95 per common share.