HINDMAN W JAMES 4
4 · AVATECH SOLUTIONS INC · Filed Jan 2, 2004
Insider Transaction Report
Form 4
AVATECH SOLUTIONS INCAVSO.ob
HINDMAN W JAMES
Director
Transactions
- Purchase
Stock Purchase Warrant
2003-12-31+217,402→ 217,402 totalExercise: $0.45From: 2003-12-31Exp: 2004-12-31→ Common Stock (217,402 underlying) - Purchase
Series D Convertible Preferred Stock
2003-12-31+163,052→ 163,052 totalFrom: 2003-12-31→ Common Stock (326,104 underlying)
Footnotes (3)
- [F1]2 for 1
- [F2]Series D Convertible Preferred Stock may be converted by the holder at any time after April 29, 2004 and will automatically convert or be redeemed upon the happening of certain events. There is no automatic or mandatory conversion or redemption on a fixed date.
- [F3]The purchase price for each share of Series D Convertible Preferred Stock is $0.60. Each share is convertible into two shares of Common Stock and is accompanied by a warrant to purchase 1 1/3 shares of common stock for $0.45. The shares and warrants reported herein were purchased in consideration of the prepayment of $97,831.20 of principal of a pre-existing debt owed by the Company to the Reporting Person.