WASIK VINCENT A 4

4 · VELOCITY EXPRESS CORP · Filed Dec 23, 2004

Form 4

Period: 2004-12-21

Director

Transactions

Award
Series M Convertible Preferred Stock
2004-12-21$0.74/sh+6,780,797$5,000,160→ 6,780,797 total
→ Common Stock (6,780,797 underlying)

Holdings

Series F Convertible Preferred Stock
From: 2001-09-05→ Common Stock (2,016,642 underlying)
68,181
Series G Convertible Preferred Stock
(indirect: By LLC)
From: 2003-09-18→ Common Stock (360,655 underlying)
293,333
Series I Convertible Preferred Stock
(indirect: By LLC)
→ Common Stock (5,928,858 underlying)
400,000
Series H Convertible Preferred Stock
(indirect: By LLC)
From: 2003-09-18→ Common Stock (965,133 underlying)
19,100
Series H Convertible Preferred Stock
From: 2003-09-18→ Common Stock (1,508,337 underlying)
29,850
Series J Convertible Preferred Stock
→ Common Stock (1,166,660 underlying)
116,666
Series J Convertible Preferred Stock
(indirect: By LLC)
→ Common Stock (813,000 underlying)
66,666

Footnotes (4)

[F1]Not applicable
[F2]None
[F3]The number of shares of Common Stock into which the shares of Series F, Series G, Series H, Series I and Series J Convertible Preferred Stock are convertible upon conversion increased pursuant to antidilution provisions in the instruments as a result of the following events that occurred on December 21, 2004: (1) the sale to investors of the right to receive 2,584,799 shares of Series K Convertible Preferred Stock; (2) the sale to investors of the right to receive 7,000,000 shares of Series L Convertible Preferred Stock; and (3) the issuance of a warrant to purchase 9,677,553 shares of common stock. The issuance of securities related to the above events is subject to shareholder approval.
[F4]Conversion of the Series I and Series J Convertible Preferred Stock into Common Stock requires shareholder approval.

Documents

1 file