FONEFRIEND INC 4
4 · FONEFRIEND INC · Filed Sep 24, 2004
Insider Transaction Report
Form 4
FONEFRIEND INCFFRD
RASMUSSEN GARY A
10% OwnerOther
Transactions
- Gift
common
2004-09-13−100,000→ 135,000 total(indirect: Custodian) - Other
common
2004-09-13−70,000→ 0 total(indirect: See footnote) - Gift
common
2004-09-13−700,000→ 3,968,225 total(indirect: By Trust)
Footnotes (4)
- [F1]Bona fide gift, exempt under Rule 16 (b)-5
- [F2]Mr. Rasmussen directly owns 3,882,500 shares. 85,725 shares reported above are held in the name of Rochester Capital Partners, L.P., a Nevada Limited Partnership, which owns a total of 428,625 shares. Mr. Rasmussen's revocable living trust is the General Partner and his dispositive power over all shares owned by the partnership. Mr. Rasmussen claims an indirect beneficial ownership interest in 85,725 of the shares held by the partnership, which is derived from his 20% ownership interest in the partnership. The balance of the partnership equity is owned by his former spouse and their minor children.
- [F3]These shares are held in the name of Gary A. Rasmussen as custodian for the benefit of his minor child, under the Uniform Gift to Minors Act of Michigan. There is one certificate for one child and Mr. Rasmussen has dispositive power over the shares
- [F4]These shares were held in the name of Gary a Rasmussen as custodian for the benefit of his minor children, under the Uniform Gift to Minors Act of Michigan. There were two separate certificates for two children who have reached legal age and whom now have dispositive power over all these shares.