4//SEC Filing
AIRNET COMMUNICATIONS CORP 4
Accession 0001181431-04-059865
CIK 0000944163operating
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 5:08 PM ET
Size
10.2 KB
Accession
0001181431-04-059865
Insider Transaction Report
Form 4
SALKINI JAY J
Director10% Owner
Transactions
- Sale
Common Stock, par value $0.001
2004-12-17$2800.00/sh−1,000$2,800,000→ 2,986,677 total(indirect: TECORE, Inc.) - Sale
Common Stock, par value $0.001
2004-12-16$70000.00/sh−25,000$1,750,000,000→ 2,987,677 total(indirect: TECORE, Inc.)
Holdings
- 9,250
Common Stock, par value $0.001
- 1(indirect: TECORE, Inc.)
$12,000,000 Senior Secured Convertible Note Dated 08-13-03
Exercise: $1.05Exp: 2007-08-13→ Common Stock (6,733,370 underlying)
Footnotes (6)
- [F1]Shares sold under a non-discretionary Rule 10b5-1 plan, previously approved by Issuer under its Insider Trading Policy.
- [F2]The reporting person is a controlling shareholder and director of TECORE, Inc. and disclaims beneficial ownership of the securities held by TECORE, Inc. except to the extent of his pecuniary interest therein.
- [F3]The conversion price for the Note is subject to adjustment for certain dilutive issuances and the exercise of certain warrants, options and convertible securities.
- [F4]Anytime.
- [F5]On December 9, 2004, the Issuer notified the reporting person that the conversion price for the Note was adjusted from $0.10467432 to $1.0467432 per share of Common Stock, as a result of the Issuer's ten-to-one reverse stock split. The adjustment of the conversion price decreased the number of shares of Common Stock underlying the Note from 67,333,703 to 6,733,370.
- [F6]Includes shares that may be acquired upon conversion, at the current conversion price, of (1) the remaining $8,000,000 of the Note and (ii) interest accrued as of December 9, 2004 is $1,048,110, which may be converted into 1,001,305 additional shares of Common Stock at the current conversion price. Additional shares may be acquired upon conversion of interest that will accrue in the future at 12% per annum on the principal paid for the Note.
Documents
Issuer
AIRNET COMMUNICATIONS CORP
CIK 0000944163
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000944163
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 5:08 PM ET
- Size
- 10.2 KB