HLM DESIGN INC 4
4 · HLM DESIGN INC · Filed Jul 14, 2003
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (3)
- [F1]3 for 1 conversion. Each share is initially convertible into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the original issue price per share ($15.00) by the conversion price (initially $5.00).
- [F2]Shares are initially convertible, at the option of the holder, at any time after the date of issuance. Conversion is mandatory if the closing price for the Common Stock on the American Stock Exchange (or if not traded on this exchange, then on such other securities market on which the Common Stock is principally traded) shall exceed $6.50 for twenty consecutive trading days.
- [F3]No expiration date, provided the mandatory conversion event set forth in footnote 2 has not occurred.