4//SEC Filing
Itkis Yuri 4
Accession 0001209191-10-018260
CIK 0001337899other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 8:24 PM ET
Size
8.2 KB
Accession
0001209191-10-018260
Insider Transaction Report
Form 4
Fortunet, Inc.FNET
Itkis Yuri
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Common Stock
2010-03-03$2.25/sh+786,050$1,768,613→ 0 total(indirect: By Trust) - Other
Common Stock
2010-03-03+1,000→ 1,000 total(indirect: By Trust)
Footnotes (3)
- [F1]On February 18, 2010, The Yuri Itkis Gaming Trust of 1993 (the "Trust") completed the acquisition of 2,001,461 outstanding shares of the Issuer's common stock pursuant to a tender offer for all of the Issuer's outstanding shares of common stock (the "Offer"). The reporting person is the sole trustee and beneficiary of the Trust. Pursuant to the merger (the "Merger") of YI Acquisition Corp, a Nevada corporation and a wholly owned subsidiary of the Trust ("YI Acquisition"), all of the issued and outstanding shares of the Issuer's common stock owned or acquired in the Offer by the Trust were cancelled, and each of the 786,050 shares of the Issuer's common stock not tendered in the Offer was converted into the right to receive $2.25 in cash, subject to dissenting stockholder rights.
- [F2]The shares are held by the Trust, of which the reporting person is the sole trustee and beneficiary.
- [F3]In connection with the Merger, all 1,000 issued and outstanding shares of YI Acquisition common stock owned by the Trust were converted into 1,000 shares of the Issuer's common stock. After the completion of the Merger, all 1,000 issued and outstanding shares of the Issuer's common stock were owned by the Trust.
Documents
Issuer
Fortunet, Inc.
CIK 0001337899
Entity typeother
Related Parties
1- filerCIK 0001337896
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 8:24 PM ET
- Size
- 8.2 KB