VITAL LIVING INC 4
4 · VITAL LIVING INC · Filed Jun 19, 2006
Insider Transaction Report
Form 4
VITAL LIVING INCVTLV.OB
BENSON STUART
DirectorCEO and President
Transactions
- Purchase
Series D Preferred Stock
2006-06-15+4,000,000→ 4,000,000 total(indirect: By LLC)Exercise: $0.25→ Common Stock (4,000,000 underlying) - Purchase
12% Senior Secured Notes due 2008
2006-06-15+4,000,000→ 4,000,000 total(indirect: By LLC)Exercise: $0.25From: 2006-06-15Exp: 2008-12-17→ Common Stock (4,000,000 underlying)
Footnotes (2)
- [F1]Mr. Benson purchased the securities in a private transaction through Vital Living, LLC, an entity jointly controlled by Mr. Benson and Gregg Linn, the Chief Operating Officer and Chief Financial Officer of the Issuer. Vital Living, LLC purchased the shares of Series D Preferred Stock and the notes reported above for an aggregate purchase price of $416,667.
- [F2]The Series D Preferred Stock is convertible at any time, at the holder's election, and has no expiration date.