REIN ROBERT 4
4 · ARTISTDIRECT INC · Filed Feb 3, 2009
Insider Transaction Report
Form 4
ARTISTDIRECT INCARTDE
REIN ROBERT
10% Owner
Transactions
- Other
Common Stock
[F1][F2]2009-01-30+8,178,893→ 8,396,627 total(indirect: By Trilogy Capital Partners, Inc.) - Other
Warrant
[F1][F2]2009-01-30−216,666→ 0 total(indirect: By Trilogy Capital Partners, Inc.)Exercise: $2.00From: 2005-07-28Exp: 2010-07-28→ Commonn Stock (216,666 underlying) - Other
Warrant
[F1][F2]2009-01-30−345,967→ 0 total(indirect: By Trilogy Capital Partners, Inc.)Exercise: $1.43From: 2005-07-28Exp: 2010-07-28→ Common Stock (345,967 underlying) - Conversion
Subordinated Convertible Note
[F1][F2]2009-01-30−6,190,000→ 0 total(indirect: By Trilogy Capital Partners, Inc.)Exercise: $1.00From: 2005-07-28Exp: 2009-07-28→ Common Stock (6,190,000 underlying)
Footnotes (2)
- [F1]On January 30, 2009, Issuer cancelled the outstanding warrants acquired by Trilogy Capital Partners, Inc. ("Trilogy") from CCM Master Qualified Fund, Ltd. in December 2008, and converted the Subordinated Note held by Trilogy into 8,178,893 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 Registration Rights Agreement dated July 28, 2005, by the ocnversion price. The shares acquired from the conversion are subject to a lock-up of 12 months.
- [F2]Reporting Person is the sole shareholer of Racada Corp. which is the sole shareholder of Trilogy Capital Partners, Inc.
Signature
/s/ Robert Rein|2009-02-03