GIFFORD THOMAS S 4
4 · MEDI HUT CO INC · Filed Aug 29, 2005
Insider Transaction Report
Form 4
MEDI HUT CO INCMHUT
GIFFORD THOMAS S
DirectorExecutive Vice President, CFO10% Owner
Transactions
- Sale
Warrant (right to buy Common Stock)
2005-08-25$0.03/sh−31,250$938→ 125,000 total(indirect: See footnote)Exercise: $0.03From: 2005-02-25Exp: 2015-02-25→ Common Stock, $0.001 par value (31,250 underlying) - Conversion
Common Stock, Par Value $.001
2005-08-25$0.03/sh+31,250$938→ 2,525,000 total - Purchase
Common Stock, Par Value $.001
2005-08-25$0.05/sh+500,000$25,000→ 3,025,000 total
Footnotes (3)
- [F1]20,833 of the shares underlying the Warrant became eligible for purchase on the last day of each month for the period beginning May 31, 2005 and ending July 31, 2005.
- [F2]On August 25, 2005, 31,250 shares underlying the Warrant were purchased by David R. LaVance, a principal of Century Capital Associates LLC.
- [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 beneficail ownership to the securities underlying the Warrant Certificate except to the extent of his membership interest in Century Capital Associates LLC.