CP INTERNATIONAL INVESTMENTS LTD 4
4 · ENCORE CAPITAL GROUP INC · Filed Sep 29, 2003
Insider Transaction Report
Form 4
CP INTERNATIONAL INVESTMENTS LTD
10% Owner
Transactions
- Sale
Common Stock
2003-09-25$11.00/sh−629,613$6,925,743→ 5,223,904 total - Conversion
Series A Sr. Cumulative Participating Conv. Preferred Stock
2003-09-25−400,000→ 0 totalExercise: $0.50→ Common Stock (4,000,000 underlying) - Conversion
Common Stock
2003-09-25+4,000,000→ 5,853,517 total
Footnotes (3)
- [F1]In connection with an underwritten public offering (the "Offering") of Issuer's Common Stock, holders of Series A Senior Cumulative Participating Convertible Preferred Stock (the Series A Preferred Stock) entered into a Preferred Stock Conversion Agreement, whereby each share of Series A Preferred Stock converts into ten shares of Issuer's Common Stock, without consideration, as of the closing of the Offering, which is scheduled for October 1, 2003.
- [F2]On September 25, 2003, Attorneys-In-Fact on behalf of the Reporting Person entered into an Underwriting Agreement providing for the sale by the Reporting Person of 629,613 shares of Common Stock in the Offering.
- [F3]Each share of Series A Preferred Stock is immediately convertible into ten shares of Issuer's Common Stock at the option of the holder.