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BANCROFT CHRISTOPHER 4

Accession 0001209191-05-012077

CIK 0000808013other
View on SEC.govCompany Profile

Filed

Feb 24, 7:00 PM ET

Accepted

Feb 25, 6:05 AM ET

Size

72.8 KB

Accession

0001209191-05-012077

Insider Transaction Report

Form 4
Period: 2005-02-22
NORTH AMERICAN TECHNOLOGIES GROUP INC /MI/NATK
Sponsor Investments, LLC
10% Owner
Transactions
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
Herakles Investments, Inc.
10% Owner
Transactions
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
Astraea Investment Management, L.P.
Other
Transactions
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
Pottinger Paul
Other
Transactions
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
BANCROFT CHRISTOPHER
Other
Transactions
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
JORDAN MICHAEL H
Other
Transactions
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
Pigott John
Other
Transactions
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
Long Pat
Other
Transactions
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
Kellogg David
Other
Transactions
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
Pasahow David
Other
Transactions
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−41→ 1,579 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−162→ 1,417 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−324→ 850 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−648→ 202 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−36,105→ 7,009 total
  • Other

    Series CC Convertible Preferred Stock

    2005-02-22−5,389→ 1,620 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−81→ 1,174 total
  • Sale

    Series CC Convertible Preferred Stock

    2005-02-22−20→ 182 total
  • Other

    Warrants

    2005-02-22−3,434→ 5,724 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (3,434 underlying)
  • Other

    Warrants

    2005-02-22−2,290→ 2,289 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,290 underlying)
  • Other

    Warrants

    2005-02-22−1,145→ 4,579 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (1,145 underlying)
  • Other

    Warrants

    2005-02-22−2,289→ 0 total
    Exercise: $1.08From: 2005-02-22Exp: 2010-02-22→ Series CC Convertible Preferred Stock (2,289 underlying)
Footnotes (25)
  • [F1]On February 22, 2005, pursuant to the Exchange Agreement, dated as of November 8, 2004 (the "Exchange Agreement"), by and among North American Technologies Group, Inc. (the "Company"), Avalanche Resources, Ltd., Kevin Maddox, and Sponsor Investments, LLC ("Sponsor"), pursuant to which Sponsor agreed to exchange all of its Class B membership interests of TieTek LLC ("TieTek"), including an option to acquire up to 499 Class A membership interest of TieTek for 43,114 shares of 0% Series CC Convertible Preferred Stock ("Preferred Stock") and warrants to purchase 9,158 shares of Preferred Stock (the "Warrants"). On a fully converted basis, the Preferred Stock and Warrants obtained by Sponsor as part of the Exchange Agreement represent approximately 44,150,930 shares of the Company's common stock or 38.5% of the Company's outstanding common stock as of the date herewith.
  • [F10]Pursuant to the Series CC Purchase Agreement, Sponsor sold 162 shares of Preferred Stock to Chris Bancroft at a price of $.08 per share of common stock as converted.
  • [F11]Pursuant to the Series CC Purchase Agreement, Sponsor sold 162 shares of Preferred Stock to Michael Jordan at a price of $.08 per share of common stock as converted.
  • [F12]Pursuant to the Series CC Purchase Agreement, Sponsor sold 81 shares of Preferred Stock to John M. Pigott at a price of $.08 per share of common stock as converted.
  • [F13]Pursuant to the Series CC Purchase Agreement, Sponsor sold 324 shares of Preferred Stock to General Goh Yong Siang at a price of $.08 per share of common stock as converted.
  • [F14]Pursuant to the Series CC Purchase Agreement, Sponsor sold 648 shares of Preferred Stock to Pat Long at a price of $.08 per share of common stock as converted.
  • [F15]Pursuant to the Series CC Purchase Agreement, Sponsor sold 20 shares of Preferred Stock to David Kellogg at a price of $.08 per share of common stock as converted.
  • [F16]Pursuant to the Series CC Purchase Agreement, Sponsor sold 162 shares of Preferred Stock to Charles Jarvie at a price of $.08 per share of common stock as converted.
  • [F17]Pursuant to the Series CC Purchase Agreement, Sponsor sold 20 shares of Preferred Stock to David Pasahow at a price of $.08 per share of common stock as converted.
  • [F18]Paul Pottinger purchased 41 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as diluted pursuant to the Series CC Purchase Agreement.
  • [F19]Christopher Bancroft purchased 162 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as converted, pursuant to the Series CC Purchase Agreement.
  • [F2]In accordance with Sponsor's Operating Agreement, Sponsor distributed 36,105 shares of Preferred Stock and warrants to purchase an additional 3,434 shares of Preferred Stock to its member Herakles Investments, Inc. ("Herakles") and 5,389 shares of Preferred Stock and warrants to purchase an additional 1,145 shares of Preferred Stock to its member Astraea Investment Management, L.P. ("Astraea").
  • [F20]Michael Jordan purchased 162 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as converted, pursuant to the Series CC Purchase Agreement.
  • [F21]John M. Pigott purchased 81 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as converted, pursuant to the Series CC Purchase Agreement.
  • [F22]Pat Long purchased 648 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as converted, pursuant to the Series CC Purchase Agreement.
  • [F23]David Kellogg purchased 20 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as converted, pursuant to the Series CC Purchase Agreement.
  • [F24]Charles Jarvie purchased 162 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as converted, pursuant to the Series CC Purchase Agreement.
  • [F25]David Pasahow purchased 20 shares of Preferred Stock from Sponsor at a price of $.08 per share of common stock as converted, pursuant to the Series CC Purchase Agreement.
  • [F3]Pursuant to the Series CC Convertible Preferred Stock Purchase Agreement, dated as of February 22, 2005 (the "Series CC Purchase Agreement"), Sponsor sold an aggregate of 1,620 shares of Preferred Stock at a purchase price of $.08 per share of common stock as converted, to Paul Pottinger, Chris Bancroft, Michael Jordan, John M. Pigott, General Goh Yong Siang, Pat Long, David Kellogg, Charles Jarvie, and David Pasahow (the "Investors").
  • [F4]Pursuant to the Voting Agreement, dated as of February 22, 2005 (the "Voting Agreement"), by and among Sponsor, Herakles, Astraea, and the Investors, each Holder granted Sponsor an irrevocable proxy to vote the Holder's respective shares of the Company's voting stock, including the 324 shares of Preferred Stock directly-owned by General Goh Tong Siang. Each Holder shall retain full dispositive power over its shares. For purposes of this disclosure, Herakles, Astraea, and the Investors shall be referred herein as the "Holders."
  • [F5]Pursuant to the Stockholders Agreement ("Stockholders Agreement"), dated February 22, 2005, by and among Sponsor, Crestview Capital Master, LLC ("Crestview"), Midsummer Investment Ltd. ("Midsummer"), Islandia, L.P. ("Islandia"), Big Bend XI Investments, Ltd. ("Big Bend"), and HLT FFT, LLC ("HLT") , and Richard Kiphart ("Kiphart") (for purposes of the this statement Big Bend, Crestview, HLT, Midsummer, Islandia and Kiphart shall be referred to as the "Purchasers"), the Sponsor and the Holders agreed to vote all of the shares of the Company's voting stock, to which they respectively control the voting power to, in favor of the election of two nominees to be designated by the Purchasers, two nominees to be designated by Sponsor, and one nominee to be designated by Sponsor and Big Bend. This obligation to vote terminates on May 31, 2005.
  • [F6]As agreed between the parties, Sponsor assigned a warrant to purchase 2,290 shares of Preferred Stock to Crestview and a warrant to purchase 2,289 shares of Preferred Stock to Big Bend.
  • [F7]Sponsor, Herakles, Astraea and the Investors disclaim beneficial ownership in the securities in excess of their respective pecuniary interest in the securities, and this report shall not be deemed an admission that the any party is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
  • [F8]Each share of Series CC Convertible Preferred Stock is convertible into approximately 925.926 shares of the Company's common stock.
  • [F9]Pursuant to the Series CC Purchase Agreement, Sponsor sold 41 shares of Preferred Stock to Paul Pottinger at a price of $.08 per share of common stock as converted.

Documents

1 file

Issuer

NORTH AMERICAN TECHNOLOGIES GROUP INC /MI/

CIK 0000808013

→
Entity typeother

Related Parties

1
  • filerCIK 0001222328

Filing Metadata

Form type
4
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 6:05 AM ET
Size
72.8 KB
View on SEC.gov