PETERSON JERRY 4

Accession 0001209191-03-032778

CIK 0000799694other

Filed

Nov 30, 7:00 PM ET

Accepted

Dec 1, 3:50 PM ET

Size

18.2 KB

Accession

0001209191-03-032778

Form 4

Period: 2002-10-16

10% Owner

Transactions

Other
Convertible Note
2003-11-14−1→ 1 total
Exercise: $1.00From: 2003-11-14→ Common Stock (1,800,000 underlying)
Sale
Series A Convertible Preferred Stock
2003-10-17−1,000→ 491,500 total
Exercise: $0.10From: 2003-09-17→ Common Stock (2,000 underlying)
Sale
Warrant
2003-10-17−1,000→ 491,500 total
Exercise: $0.30From: 2003-09-17Exp: 2006-03-27→ Common Stock (1,000 underlying)
Sale
Common Stock
2003-10-17−3,000→ 1,474,500 total
Sale
Warrant
2003-10-13−7,500→ 491,500 total
Exercise: $0.30From: 2003-09-17Exp: 2006-03-27→ Common Stock (7,500 underlying)
Purchase
Convertible Note
2002-10-16$200000.00/sh+1$200,000→ 1 total
Exercise: $1.00From: 2002-10-16→ Common Stock (200,000 underlying)
Purchase
Series A Convertible Preferred Stock
2003-03-27+500,000→ 491,500 total
Exercise: $0.10From: 2003-09-17→ Common Stock (100,000 underlying)
Purchase
Warrant
2003-03-27+500,000→ 491,500 total
Exercise: $0.30From: 2003-09-17Exp: 2006-03-27→ Common Stock (500,000 underlying)
Sale
Series A Convertible Preferred Stock
2003-10-13−7,500→ 491,500 total
Exercise: $0.10From: 2003-09-17→ Common Stock (15,000 underlying)
Sale
Common Stock
2003-10-13−22,500→ 1,474,500 total
Purchase
Common Stock
2003-03-27+1,500,000→ 1,474,500 total
Purchase
Warrant
2002-10-16+10,000→ 100,000 total
Exercise: $1.50From: 2002-10-16→ Common Stock (10,000 underlying)

Footnotes (6)

[F1]The securities of the Issuer listed here are a component of the 500,000 units of Issuer purchased by Mr. Peterson (each a "Unit" and collectively, the "Units") for a purchase price of $.30 per Unit. Each Unit consists of (a) three shares of the Common Stock of the Issuer, (b) one share of the Series A Convertible Preferred Stock of Issuer and (c) one Warrant to purchase one share of the Common Stock of the Issuer.
[F2]The securities of the Issuer listed here are a component of the 7,500 Units sold by Mr. Peterson on October 13, 2003 for a purchase price of $1.50 per Unit.
[F3]The shares of the Common Stock of the Issuer listed here are a component of the 1,000 Units sold by Mr. Peterson on October 17, 2003 for a purchase price of $1.50 per Unit.
[F4]These Warrants were Issued in connection with Mr. Peterson's purchase of the Convertible Note issued on October 16, 2002 (the "Note").
[F5]The terms of the Note referenced above were amended on November 14, 2003 to provide for (a) a decrease in the conversion price from $1.00 per share of the Common Stock of the Issuer to $.10 per share, (b) an extension of the Maturity Date of the Note to September 26, 2004, (b) an increase of the interest rate of the Note to 8% and (c) a termination of the Warrants issued in connection with the delivery of the Note upon conversion of the Note.
[F6]These securities are not subject to a stated expiration date.

Documents

1 file

BESTNET COMMUNICATIONS CORP

CIK 0000799694

Entity typeother