IO World Media, Inc 4/A
4/A · IO World Media, Inc · Filed Sep 19, 2013
Insider Transaction Report
Form 4/AAmended
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
Footnotes (2)
- [F1]These securities are held by Zanett Opportunity Fund, Ltd. (the "Fund"). McAdoo Capital, Inc. ("McAdoo Capital") is the investment manager of the Fund, and may be deemed to have an indirect interest in the securities held by the Fund. McAdoo Capital disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein. Zachary McAdoo, an officer and a director of ioWorldMedia, Incorporated, is the President of McAdoo Capital, and may be deemed to have an indirect interest in the securities held by the Fund in his capacity as an officer of McAdoo Capital. Mr. McAdoo disclaims beneficial ownership of the securities held by the Fund except to the extent of any pecuniary interest therein.
- [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 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.