GVI ACQUISITION LLC 4
4 · THINKING TOOLS INC · Filed Apr 14, 2004
Insider Transaction Report
Form 4
GVI ACQUISITION LLC
10% Owner
Transactions
- Conversion
Series E Convertible Preferred
2004-04-12−382,608.68→ 0 total→ Common Stock (701,684,423 underlying) - Conversion
Common Stock
2004-04-12+10,795,145→ 10,795,145 total
Footnotes (2)
- [F1]The Reporting Person received 382,608.68 shares of the Series E Convertible Preferred Stock of the Issuer in the merger of GVI Security, Inc. ("GVI") with a wholly owned subsidiary of the Issuer (the "Merger") in exchange for 88,000 shares of GVI's common stock owned by the Reporting Person prior to the Merger. Each share of the Series E Convertible Preferred Stock was convertible into 1,833.948 shares of the Issuer's common stock. These shares of Series E Convertible Preferred Stock automatically converted into 10,795,145 shares of the Issuer's common stock on April 12, 2004 upon the filing of a Certificate of Amendment to the Certificate of Incorporation of the Issuer which increased its authorized common stock and effected a 1 for 65 reverse split of the Issuer's common stock issued and outstanding on that date.
- [F2]Before giving effect to the 1 for 65 reverse split of the Issuer's common stock.