FROMM FREDERICK R 4

4 · P COM INC · Filed Oct 10, 2003

Form 4

Period: 2003-10-08

Director

Transactions

Purchase
Series C-1 Warrant
2003-10-08$0.15/sh+65,252$9,788→ 65,252 total
Exercise: $0.15From: 2003-10-08→ Common Stock (65,252 underlying)
Purchase
Series B Convertible Preferred Stock
2003-10-08$3.52/sh+1,039.46$3,662→ 1,039.46 total
Exercise: $3.52From: 2003-10-08→ Common Stock (109,861 underlying)
Purchase
Series C Convertible Preferred Stock
2003-10-08$1750.00/sh+9.32$16,310→ 9.32 total
Exercise: $0.10From: 2003-10-08→ Common Stock (163,130 underlying)
Purchase
Series C-2 Warrant
2003-10-08$0.18/sh+65,252$11,745→ 65,252 total
Exercise: $0.18From: 2003-10-08→ Common Stock (65,252 underlying)

Footnotes (6)

[F1]The preferred stock does not have an exercise date.
[F2]The preferred stock does not have an expiration date.
[F3]The exercise price shall increase from $.15 to $.18 on the first anniversary of the issue date.
[F4]The exercisable date shall be upon company stockholder approval of an amendment to P-Com's Restated Certificate of Incorporation to increase the shares of Common Stock from 69,000,000 to at least 600,000,000, but in no event later than 90 days following the issue date, October 8, 2003 (the "Amendment Date").
[F5]The expiration date shall be on the 5th anniversary of the Amendment Date, as defined in footnote 4.
[F6]The exercise price shall increase from $.18 to $.22 eighteen months after the issue date.

Documents

1 file