MPHASE TECHNOLOGIES INC 4
4 · MPHASE TECHNOLOGIES INC · Filed Sep 18, 2007
Insider Transaction Report
Form 4
DURANDO RONALD A
DirectorPresident and CEO10% Owner
Transactions
- Other
Common Shares
2007-09-14$0.11/sh−7,350,000$793,800→ 11,915,984 total(indirect: See Footnote)
Footnotes (3)
- [F1]Acquired and held by Janifast Ltd a privately held corporation owned by Mr. Durando in exchange for cancellation of amounts owed by mPhase Technologies Inc for goods and services rendered
- [F2]Involuntary forfeiture of collateral pledged for $800,415 loan made by First Equity Holdings Inc to Janifast Ltd under a loan agreement dated September 6, 2006
- [F3]Deemed price valuation of collateral