Saaf Randy 4
4 · ARTISTDIRECT INC · Filed Feb 3, 2009
Insider Transaction Report
Form 4
ARTISTDIRECT INCARTDE
Saaf Randy
Chief Exective Officer
Transactions
- Other
Common Stock
2009-01-30+2,964,205→ 2,964,205 total - Conversion
Subordinated Convertible Note
2009-01-30−2,250,000→ 0 totalExercise: $1.00From: 2005-07-28Exp: 2009-07-28→ Common Stock (2,250,000 underlying)
Footnotes (1)
- [F1]On January 30, 2009, Issuer cancelled the outstanding warrants issued to Reporting Person in connection with Issuer's subdebt financing on July 28, 2005. Issuer also converted the Subordinated Note held by Reporting Person into 2,964,205 restricted shares of the Common Stock of Issuer by dividing the sum of the outstanding principal, accrued interest and late charges and amounts due under the Regnegotation Rights Agreement dated July 28, 2005, by the conversion price.