4//SEC Filing
MEDI HUT CO INC 4
Accession 0001181431-05-013517
CIK 0001093285operating
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 6:03 PM ET
Size
16.7 KB
Accession
0001181431-05-013517
Insider Transaction Report
Form 4
MEDI HUT CO INCMHUT
GIFFORD THOMAS S
DirectorExecutive Vice President, CFO10% Owner
Transactions
- Conversion
Common Stock, Par Value $.001
2005-02-25$0.03/sh+125,000$3,750→ 1,531,250 total - Award
Warrant (right to buy Common Stock
2005-02-25+500,000→ 500,000 total(indirect: See footnote)Exercise: $0.03From: 2005-02-25Exp: 2015-02-25→ Common Stock, $0.001 par value (500,000 underlying) - Purchase
Common Stock, Par Value $.001
2005-02-25$0.10/sh+550,000$55,000→ 2,151,562 total - Sale
Warrant (right to buy Common Stock
2005-02-25$0.02/sh−70,312$1,406→ 0 total(indirect: See footnote)Exercise: $0.02From: 2003-02-01Exp: 2013-02-01→ Common Stock, $0.001 par value (70,312 underlying) - Conversion
Common Stock, Par Value $.001
2005-02-25$0.02/sh+70,312$1,406→ 1,601,562 total - Sale
Warrant (right to buy Common Stock
2005-02-25$0.03/sh−125,000$3,750→ 250,000 total(indirect: See footnote)Exercise: $0.03From: 2005-02-25Exp: 2015-02-25→ Common Stock, $0.001 par value (125,000 underlying)
Footnotes (4)
- [F1]The exercise price per share is subject to adjustment from time to time as provided in the Warrant Certificate.
- [F2]250,000 shares underlying the Warrant shall be eligible for purchase on and after the date of isuance, February 25, 2005. An additional 20,833 of the shares underlying the Warrant shall become eligible for purchase on and after the last day of each month commencing February 28, 2005 and ending Decemebr 31, 2005, and 20,837 of the shares underlying the Warrant shall become eligible for purchase on and after January 31, 2006. All underlying shares shall immediately vest ten (10) days prior to the effective date of a Change of Control, as such term is defined in the Warrant Certificate.
- [F3]The Warrant Certificate is issued in the name of Century Capital Associates LLC, of which the reporting person is a member. The reporting person disclaims beneficial ownership to the securities underlying the Warrant Certificate except to the extent of his membership interest in Century Capital Associates LLC
- [F4]On February 25, 2005, 125,000 shares underlying the Warrant were purchased by David R. LaVance, a principal of Century Capital Associates LLC.
Issuer
MEDI HUT CO INC
CIK 0001093285
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001093285
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 6:03 PM ET
- Size
- 16.7 KB