IMAGE INVESTOR PORTFOLIO A SEP SER OF MEMPHIS ANGELS LLC 4
4 · IPIX CORP · Filed Aug 4, 2004
Insider Transaction Report
Form 4
IPIX CORP[IPIX]
Transactions
- Conversion
Series B Preferred Stock
2004-08-02−149,400→ 333,882 totalExercise: $2.17→ Common Stock (1,375,600 underlying) - Sale
common stock
2004-08-02$9.05/sh−500,000$4,522,850→ 143,940 total - Conversion
Common Stock
2004-08-02$2.17/sh+1,375,600$2,985,052→ 945,740 total - Sale
Common Stock
2004-08-02$9.47/sh−301,800$2,858,378→ 643,940 total - Sale
common stock
2004-08-03$9.02/sh−8,480$76,488→ 135,460 total
Footnotes (4)
- [F1]These shares of Series B Convertible Preferred stock were acquired upon exercise of Tranche A Warrants.
- [F2]Exercisable at any time.
- [F3]No expiration date.
- [F4]Consists of (i) 118,282 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) 100,600 shares of Series