STANFORD INTERNATIONAL BANK LTD 4/A

4/A · ELANDIA INTERNATIONAL INC. · Filed Feb 10, 2009

Form 4/AAmended

Period: 2008-05-30

10% Owner

Transactions

Purchase
COMMON STOCK
2008-10-31$3.97/sh+1,058,369$4,201,725→ 28,512,990 total
Purchase
Warrants to Purchase Common Stock
2008-09-05$0.00/sh+821,500$822→ 821,500 total
Exercise: $0.00From: 2008-09-05Exp: 2015-09-05→ Common Stock (821,500 underlying)
Conversion
COMMON STOCK
2008-05-30$0.00/sh+2,079,000$2,079→ 26,633,121 total
Conversion
Warrants to Purchase Common Stock
2008-05-30$0.00/sh−2,079,000$2,079→ 0 total
Exercise: $0.00From: 2008-02-28Exp: 2015-02-28→ Common Stock (2,079,000 underlying)
Conversion
COMMON STOCK
2008-10-23$0.00/sh+821,500$822→ 27,454,621 total
Purchase
SERIES B CONVERTIBLE PREFERRED STOCK
2008-09-30$6.75/sh+2,340,485$15,798,274→ 2,340,485 total
Conversion
Warrants to Purchase Common Stock
2008-10-23$0.00/sh−821,500$822→ 0 total
Exercise: $0.00From: 2008-09-05Exp: 2015-09-05→ Common Stock (821,500 underlying)

Holdings

Warrants to Purchase Common Stock
Exercise: $0.00From: 2008-02-28Exp: 2015-02-28→ Common Stock (2,079,000 underlying)
2,079,000

Footnotes (4)

[F1]R. Allen Stanford is the beneficial shareholder of Stanford International Bank, Ltd. ("SIBL"). As a result of such ownership, Mr. Stanford could be deemed to have indirect beneficial ownership of 28,512,990 shares of common stock of the Issuer.
[F2]Pursuant to a Preferred Stock Purchase Agreement, SIBL was also granted seven-year Warrants to purchase 2,079,000 shares of the Issuer's common stock. The exercise price for the Warrants is $.001 per share of common stock.
[F3]Pursuant to a Third Amendment to Preferred Stock Purchase Agreement and First Amendemnt to Credit Agreement, dated September 5, 2008, between the Company and SIBL, SIBL was granted seven-year Warrants to purchase 821,500 shares of the Issuer's common stock. The exercise price for the Warrants is $.001 per share of common stock.
[F4]Pursuant to a Fourth Amendment to Preferred Stock Purchase Agreement, dated September 17, 2008, SIBL purchased an aggregate of 2,340,485 shares of Series B Convertible Preferred Stock of the Issuer. Each share of the Series B Convertible Preferred Stock is initially convertible into one share of the Issuer's common stock.

Documents

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