PERRY KAY 4
4 · VELOCITY EXPRESS CORP · Filed Apr 21, 2004
Insider Transaction Report
Form 4
PERRY KAY
VP Human Resources
Transactions
- Award
Series J Convertible Preferred Stock
2004-04-19$1.50/sh+13,333$20,000→ 13,333 total→ Common Stock (133,330 underlying)
Holdings
- 166,666
Warrant to purchase Common Stock
From: 2004-02-13Exp: 2011-02-13→ Common Stock (174,337 underlying)
Footnotes (4)
- [F1]Not applicable.
- [F2]None
- [F3]As a result of the sale to investors on April 19, 2004 of the right to receive 353,130 shares of Series J Convertible Preferred Stock upon shareholder approval, the number of shares of Common Stock into which the Warrants to purchase Common stock are convertible upon exercise increased pursuant to antidilution provisions in the instrument.
- [F4]Conversion of the Series J Convertible Preferred Stock into Common Stock requires shareholder approval.