PARADIGM CAPITAL EQUITY PARTNERS LLC 4
4 · IPIX CORP · Filed Apr 22, 2004
Insider Transaction Report
Form 4
IPIX CORP[IPIX]
Transactions
- Conversion
Common Stock
2004-04-13$2.17/sh+3,000,029$6,510,063→ 3,000,029 total - Conversion
Series B Preferred Shares
2004-04-13$20.00/sh+290,000$5,800,000→ 588,830 totalExercise: $2.17→ Common Stock (3,000,029 underlying) - Sale
Common Stock
2004-04-20$9.86/sh−1,014,353$9,997,767→ 1,985,676 total - Sale
Common Stock
2004-04-21$9.00/sh−653,068$5,879,832→ 1,332,608 total
Footnotes (3)
- [F1]Exercisable at any time.
- [F2]No expiration date.
- [F3]Consists of (i) 223,830 shares of Series B Convertible Preferred Stock acquired upon the automatic conversion of the Promissory Note; (ii) 115,000 shares of Series B Convertible Preferred Stock acquired upon the exercise of the Tranche B Warrant; and (iii) 250,000 shares of Series B Convertible Preferred Stock underlying the Tranche A Warrants.