K 1 VENTURES LTD 4
4 · MCMORAN EXPLORATION CO /DE/ · Filed Oct 1, 2003
Insider Transaction Report
Form 4
K 1 VENTURES LTD
10% Owner
Transactions
- Other
Common Stock Warrants (right to buy)
2003-09-30+757,576→ 757,576 total(indirect: By Indirect Subsidiary)Exercise: $5.25From: 2003-09-30Exp: 2008-09-30→ Common Stock (757,576 underlying)
Footnotes (2)
- [F1]Freeport-McMoRan Sulphur, LLC, a subsidiary of the Issuer, and K-1 USA Energy Production Corporation ("K-1 USA"), an indirect subsidiary of the Reporting Person, are parties to a certain joint venture agreement (the "Joint Venture"). The Issuer issued warrants to purchase shares of its common stock to K-1 USA pursuant to the terms of an agreement whereby K-1 USA agreed to perform certain actions related to the Joint Venture.
- [F2]The warrants are directly owned by K-1 USA, an indirect subsidiary of the Reporting Person.