HANLIN R PATRICK 4
4 · MICROFIELD GROUP INC · Filed Apr 6, 2004
Insider Transaction Report
Form 4
HANLIN R PATRICK
Director
Transactions
- Purchase
Series 3 Preferred Stock
2004-04-02$420.00/sh+38.096$16,000→ 38.096 totalExercise: $0.00From: 2005-04-01Exp: 2007-04-02→ Common (38,096 underlying)
Footnotes (2)
- [F1]Series 3 Preferred Shares have an issue price of $420.00 per share and are convertable to common stock of Microfield at the option of the shareholder after March 31, 2005. The Series 3 Preferred Shares automatically convert to common stock three years from the date of issuance. The conversion ratio is 1 share of Series 3 Preferred Shares to 1,000 shares of common stock.
- [F2]Series 3 Preferred Stock automatically converts to Common Stock three years from the date of issuance on a 1 to 1,000 conversion ratio.