MALLYA VIJAY 4
4 · MENDOCINO BREWING CO INC · Filed Aug 16, 2004
Insider Transaction Report
Form 4
MALLYA VIJAY
DirectorChief Executive Officer10% Owner
Transactions
- Other
Convertible Note
2004-08-14+0→ 1,515,371 total(indirect: See Footnote)Exercise: $1.50From: 2004-08-14→ Common Stock (0 underlying)
Footnotes (3)
- [F1]Pursuant to a Fourth Amendment to Extension of Term of Notes Under Master Line of Credit Agreement dated August 14, 2004 (the "Amendment") between the Issuer and United Breweries of America, Inc. ("UBA"), the terms of all of the promissory notes (the "Notes") issued pursuant to the Master Loan Agreement, as amended, between the Issuer and UBA have been extended until August 31, 2005. Unless the Notes are repaid prior to August 31, 2005, they will continue to earn interest until that date. This increase in the period of time during which the Notes will earn interest may cause an increase in the number of shares of the Issuer's Common Stock which may be purchased upon UBA's conversion of the Notes. As of August 14, 2004, the outstanding principal on the Notes was $1,515,371, which corresponds to the right to purchase 1,010,247 shares of Common Stock and the outstanding interest was $458,695, which corresponds to the right to purcahse 305,797 shares of Common Stock.
- [F2]The Reporting Person may be deemed to be the majority beneficial owner of UBA, the record holder of the Issuer's Notes. UBA is owned by a foreign corporation, the shares of which are conrolled by fiduciaries who may exercise discretion in favor of the Reporting Person amongst others.
- [F3]Not applicable.