IMAGE INVESTOR PORTFOLIO A SEP SER OF MEMPHIS ANGELS LLC 4
4 · IPIX CORP · Filed Jun 18, 2004
Insider Transaction Report
Form 4
IPIX CORP[IPIX]
Transactions
- Sale
Common Stock
2004-06-16$15.00/sh−6,096$91,452→ 370,085 total - Conversion
Common Stock
2004-06-18$2.17/sh+223,063$484,047→ 381,208 total - Sale
Common Stock
2004-06-17$15.00/sh−211,940$3,179,503→ 158,145 total - Conversion
Series B Preferred Stock
2004-06-18+23,018→ 483,282 totalExercise: $2.17→ Common Stock (223,063 underlying)
Footnotes (4)
- [F1]These shares are sold pursuant to a stock trading plan (Rule 10b5-1 Plan) established on 5/28/04.
- [F2]Exercisable at any time.
- [F3]No expiration date.
- [F4]Consists of (i) 118,282 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.