Home/Filings/4/0001235258-03-000001
4//SEC Filing

TERAFORCE TECHNOLOGY CORP 4

Accession 0001235258-03-000001

CIK 0000316672operating

Filed

Aug 28, 8:00 PM ET

Accepted

Aug 29, 3:08 PM ET

Size

8.4 KB

Accession

0001235258-03-000001

Insider Transaction Report

Form 4
Period: 2003-08-27
Transactions
  • Purchase

    12% Convertible Subordinated Note Due June 2005

    2003-08-27$0.16/sh1,250,000 total
    Exercise: $0.16From: 2003-08-27Exp: 2005-06-30Common Stock, par value $0.01 (1,250,000 underlying)
  • Purchase

    Warrant for purchase of common stock

    2003-08-27$0.16/sh+125,000$20,000125,000 total
    Exercise: $0.16From: 2003-08-27Exp: 2007-08-25Common Stock, par value $0.01 (125,000 underlying)
Footnotes (1)
  • [F1]In exchange for $200,000 cash, the Company issued a $200,000 principal amount 12% Convertible Subordinated Note Due June 2005 and a warrant to purchase 125,000 shares of the Company's common stock. The note may be converted into 1,250,000 shares of the Company's common stock (a rate of $0.16 per share) at the option of the holder. The warrant has an exercise price of $0.16 and is exercisable at any time throught August 25, 2007.

Issuer

TERAFORCE TECHNOLOGY CORP

CIK 0000316672

Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000316672

Filing Metadata

Form type
4
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 3:08 PM ET
Size
8.4 KB