GENELINK INC 4
4 · GENELINK INC · Filed Jun 8, 2007
Insider Transaction Report
Form 4
GENELINK INCGNLK
Hoekstra Robert Hale
Director
Transactions
- Purchase
convertible secured promissory note
2007-06-06+250,000→ 1,733,751 totalExercise: $0.05From: 2007-06-06Exp: 2011-05-12→ Common Stock (250,000 underlying) - Purchase
Common Stock
2007-06-06+62,500→ 316,445 total
Holdings
- 647,000(indirect: see footnote)
Common Stock
Footnotes (3)
- [F1]Mr. Hoekstra purchased $12,500.00 of convertible secured notes (the "note") pursuant to the terms of a Convertible Secured Loan Agreement dated as of May 12, 2006. Pursuant thereto, Mr. Hoekstra received five shares of GeneLink common stock for every dollar invested, for a total of 62,500 shares. The note converts into shares of GeneLink common stock at a conversion price of $0.05 per share, or 250,000 shares in the aggregate.
- [F2]Held by a family trust for which Mr. Hoekstra is a trustee. Mr. Hoekstra disclaims beneficial ownership of these shares.
- [F3]Includes an aggregate of 1,363,296 shares of common stock issuable upon the conversion of convertible secured promissory notes held by Mr. Hoekstra at a conversion price of $0.05 per share