WOODACRES LLC 4/A
4/A · FAO INC · Filed Oct 31, 2003
Insider Transaction Report
Form 4/AAmended
FAO INCFAOO
WOODACRES LLC
10% Owner
Transactions
- Exercise of In-Money
Warrants to Buy
2003-07-09+102,250→ 102,250 totalExercise: $1.50From: 2003-07-09Exp: 2008-07-09→ Common Stock (102,250 underlying) - Exercise of In-Money
Obligation to buy Warrants
2003-07-09−102,250→ 0 totalFrom: 2003-06-01Exp: 2003-11-30→ Warrants to Buy (102,250 underlying)
Footnotes (2)
- [F1]Exercise of obligation to buy Warrants, in which the Issuer exercised the right to require Woodacres LLC to secure a letter of credit in favor of the Issuer, and the Issuer issued Warrants to Woodacres LLC in payment therefor. Woodacres LLC provided $800,000 of cash collateral in support of such letter of credit. This exercise transaction is exempt under Rule 16b-6(b) and Rule 16b-3 (transaction Code M would also apply).
- [F2]Date Exercisable was erroneously reported as 05/01/2003 on amended Form 3 filed 10/30/2003.