WADE THOMAS 4
4 · THINKING TOOLS INC · Filed Apr 14, 2004
Insider Transaction Report
Form 4
WADE THOMAS
DirectorPresident & COO10% Owner
Transactions
- Conversion
Series E Convertible Preferred Stock
2004-04-12−86,956.52→ 0 total→ Common Stock (159,473,736 underlying) - Conversion
Common Stock
2004-04-12+2,453,442→ 2,453,442 total
Footnotes (2)
- [F1]The Reporting Person received 86,956.52 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 20,000 shares of GVI's common stock owned by the Reporting Person prior to the Merger. Each share of 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 2,453,442 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.