4//SEC Filing
IO World Media, Inc 4
Accession 0001213900-13-004925
CIK 0001005758operating
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 5:11 PM ET
Size
11.9 KB
Accession
0001213900-13-004925
Insider Transaction Report
Form 4
McAdoo Zachary
10% Owner
Transactions
- Purchase
10% Convertible Debenture
2013-09-02$150000.00/sh(indirect: By Zanett Opportunity Fund, Ltd.)Exercise: $0.01Exp: 2014-09-02→ Common Stock $.001 par value
Holdings
- 10,500,000
Common Stock, par value $.001 per share
- 32,718,364(indirect: By Zanett Opportunity Fund, Ltd.)
Common Stock, par value $.001 per share
Zanett Opportunity Fund, Ltd.
10% Owner
Transactions
- Purchase
10% Convertible Debenture
2013-09-02$150000.00/sh(indirect: By Zanett Opportunity Fund, Ltd.)Exercise: $0.01Exp: 2014-09-02→ Common Stock $.001 par value
Holdings
- 32,718,364(indirect: By Zanett Opportunity Fund, Ltd.)
Common Stock, par value $.001 per share
- 10,500,000
Common Stock, par value $.001 per share
McAdoo Capital, Inc.
10% Owner
Transactions
- Purchase
10% Convertible Debenture
2013-09-02$150000.00/sh(indirect: By Zanett Opportunity Fund, Ltd.)Exercise: $0.01Exp: 2014-09-02→ Common Stock $.001 par value
Holdings
- 10,500,000
Common Stock, par value $.001 per share
- 32,718,364(indirect: By Zanett Opportunity Fund, Ltd.)
Common Stock, par value $.001 per share
Footnotes (2)
- [F1]Zanett Opportunity Fund, Ltd. (the "Fund") owns the reported securities directly. McAdoo Capital, Inc. ("McAdoo Capital") may be deemed to have an indirect interest in these securities as investment manager of the Fund. McAdoo Capital disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein, and the reporting of these securities by it shall not be deemed to be an admission that McAdoo Capital has beneficial ownership of such securities for purposes of Section 16 of the Exchange Act of 1934, or for any other purposes. Zachary McAdoo, the Chairman, President, Chief Executive Officer and Chief Financial Officer and a director of ioWorldMedia, Incorporated, is the President of McAdoo Capital, and may be deemed to have an indirect interest in these securities in his capacity as on officer of McAdoo Capital.
- [F2]The entire principal amount of the 10% Convertible Debenture, together with accrued and unpaid interest, shall be converted into shares of ioWorldMedia, Incorporated's common stock, par value $.001 per share ("Common Stock"), at a conversion price of $.0122 per share, upon the effectiveness of an amendment to ioWorldMedia, Incorporated's Articles of Incorporation to increase the number of authorized shares of Common Stock sufficient to allow for the full conversion of the 10% Convertible Debenture.
Documents
Issuer
IO World Media, Inc
CIK 0001005758
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001005758
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 5:11 PM ET
- Size
- 11.9 KB