TECORE INC 4
4 · AIRNET COMMUNICATIONS CORP · Filed Dec 30, 2004
Insider Transaction Report
Form 4
TECORE INC
10% Owner
Transactions
- Conversion
Common Stock, par value $0.001
2004-12-28$1000000.00/sh+955,344$955,344,000,000→ 3,909,021 total - Sale
Common Stock, par value $0.001
2004-12-29$115945.00/sh−35,000$4,058,075,000→ 3,874,021 total - Sale
Common Stock, par value $0.001
2004-12-30$70000.00/sh−25,000$1,750,000,000→ 3,849,021 total - Conversion
$12,000,000 Senior Secured Convertible Note Dated 08-13-03
2004-12-28$1000000.00/sh−1$1,000,000→ 1 totalExercise: $1.05Exp: 2007-08-13→ Common Stock (955,344 underlying)
Holdings
- 1
$12,000,000 Senior Secured Convertible Note Dated 08-13-03
Exercise: $1.05Exp: 2007-08-13→ Common Stock (5,813,832 underlying)
Footnotes (5)
- [F1]On December 28, 2004, the reporting person notified the Issuer of its wish to convert $1,000,000 of the Accured Interest on the Principal Amount of the Note, pursuant to the terms of the Note.
- [F2]The conversion price for the Note is subject to adjustment for certain dilutive issuances and the exercise of certain warrants, options and convertible securities.
- [F3]Anytime.
- [F4]Includes shares that may be acquired upon conversion, at the current conversion price, of (1) the remaining Principal Balance of the Note and (ii) the remaining interest accrued as of December 28, 2004, all of which may be converted into 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.
- [F5]Shares sold under a non-discretionary Rule 10b5-1 plan, previously approved by Issuer under its Insider Trading Policy.