HAYS PAUL RICHARD 4
4 · SYNBIOTICS CORP · Filed Sep 27, 2004
Insider Transaction Report
Form 4
SYNBIOTICS CORPSBIO
HAYS PAUL RICHARD
DirectorPresident
Transactions
- Purchase
Series C Preferred Stock
2004-09-23$1000.00/sh+100$100,000→ 778,452 total→ Common Stock (778,452 underlying)
Holdings
- 2,000,000
Common stock option
From: 2003-07-09Exp: 2013-12-30→ Common Stock (2,000,000 underlying)
Footnotes (2)
- [F1]The options, which vest quarterly over four (4) years, have exercise prices ranging from $0.08 per share to $0.34 per share.
- [F2]On September 23, 2004, Mr. Hays purchased 100 shares of Series C Convertible Preferred Stock of Synbiotics Corporation. The shares are convertible into shares of common stock at any time into such number of shares of common stock by dividing each share of Series C Convertible Preferred Stock, valued at $1,000, by the conversion price - initially set at $0.12846.