4//SEC Filing
WHITNEY INFORMATION NETWORK INC 4
Accession 0001181431-06-052630
CIK 0001095276operating
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 3:21 PM ET
Size
31.8 KB
Accession
0001181431-06-052630
Insider Transaction Report
Form 4
Prides Capital Partners, LLC
Director10% Owner
Transactions
- Exercise/Conversion
COMMON STOCK, no par value per share
2006-09-06$6.00/sh+550,000$3,300,000→ 1,650,000 total(indirect: See Footnote) - Exercise/Conversion
Warrants (right to buy)
2006-09-06$6.00/sh−550,000$3,300,000→ 0 total(indirect: See Footnote)Exercise: $6.00From: 2005-12-12Exp: 2009-12-12→ Common Stock (550,000 underlying)
Richardson Kevin A II
Director10% Owner
Transactions
- Exercise/Conversion
COMMON STOCK, no par value per share
2006-09-06$6.00/sh+550,000$3,300,000→ 1,650,000 total(indirect: See Footnote) - Exercise/Conversion
Warrants (right to buy)
2006-09-06$6.00/sh−550,000$3,300,000→ 0 total(indirect: See Footnote)Exercise: $6.00From: 2005-12-12Exp: 2009-12-12→ Common Stock (550,000 underlying)
Indick Murray A
Director10% Owner
Transactions
- Exercise/Conversion
COMMON STOCK, no par value per share
2006-09-06$6.00/sh+550,000$3,300,000→ 1,650,000 total(indirect: See Footnote) - Exercise/Conversion
Warrants (right to buy)
2006-09-06$6.00/sh−550,000$3,300,000→ 0 total(indirect: See Footnote)Exercise: $6.00From: 2005-12-12Exp: 2009-12-12→ Common Stock (550,000 underlying)
McCarthy Charles E
10% Owner
Transactions
- Exercise/Conversion
COMMON STOCK, no par value per share
2006-09-06$6.00/sh+550,000$3,300,000→ 1,650,000 total(indirect: See Footnote) - Exercise/Conversion
Warrants (right to buy)
2006-09-06$6.00/sh−550,000$3,300,000→ 0 total(indirect: See Footnote)Exercise: $6.00From: 2005-12-12Exp: 2009-12-12→ Common Stock (550,000 underlying)
Puscasiu Christian
10% Owner
Transactions
- Exercise/Conversion
COMMON STOCK, no par value per share
2006-09-06$6.00/sh+550,000$3,300,000→ 1,650,000 total(indirect: See Footnote) - Exercise/Conversion
Warrants (right to buy)
2006-09-06$6.00/sh−550,000$3,300,000→ 0 total(indirect: See Footnote)Exercise: $6.00From: 2005-12-12Exp: 2009-12-12→ Common Stock (550,000 underlying)
Cootey Stephen Lawrence
Director
Transactions
- Exercise/Conversion
COMMON STOCK, no par value per share
2006-09-06$6.00/sh+550,000$3,300,000→ 1,650,000 total(indirect: See Footnote) - Exercise/Conversion
Warrants (right to buy)
2006-09-06$6.00/sh−550,000$3,300,000→ 0 total(indirect: See Footnote)Exercise: $6.00From: 2005-12-12Exp: 2009-12-12→ Common Stock (550,000 underlying)
Lawlor Henry J Jr
10% Owner
Transactions
- Exercise/Conversion
Warrants (right to buy)
2006-09-06$6.00/sh−550,000$3,300,000→ 0 total(indirect: See Footnote)Exercise: $6.00From: 2005-12-12Exp: 2009-12-12→ Common Stock (550,000 underlying) - Exercise/Conversion
COMMON STOCK, no par value per share
2006-09-06$6.00/sh+550,000$3,300,000→ 1,650,000 total(indirect: See Footnote)
Footnotes (2)
- [F1]The shares of Common Stock reported herein as indirectly beneficially owned by Prides Capital Partners, L.L.C. are owned directly by Prides Capital Fund I, L.P. (1,650,000 shares of common stock). Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed to be the beneficial owner of shares owned by such entity. Because Kevin A. Richardson, II, Murray A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy and Christian Puscasiu are the controlling shareholders of Prides Capital Partners, L.L.C., they may be deemed to be the beneficial owners of shares deemed to be beneficially owned by such entity.
- [F2]Each of Prides Capital Partners, L.L.C., Prides Capital Fund I, L.P, Kevin A. Richardson, II, Murray A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy and Christian Puscasiu disclaim beneficial ownership of these shares, except to the extent of any pecuniary interest therein. In addition, Stephen L. Cootey has been deputized by Prides Capital Partners, L.L.C. to serve on the Issuer's board of directors.
Issuer
WHITNEY INFORMATION NETWORK INC
CIK 0001095276
Entity typeoperating
IncorporatedCO
Related Parties
1- filerCIK 0001095276
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 3:21 PM ET
- Size
- 31.8 KB