HERRERA OCTAVIO 4
4 · ARTISTDIRECT INC · Filed Feb 3, 2009
Insider Transaction Report
Form 4
ARTISTDIRECT INCARTDE
HERRERA OCTAVIO
President
Transactions
- 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) - Other
Common Stock
2009-01-30+2,964,205→ 2,964,205 total
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.