LAPP WILLIAM S 4

4 · VELOCITY EXPRESS CORP · Filed Feb 18, 2004

Form 4

Period: 2004-02-13

10% Owner

Transactions

Other
Series I Convertible Preferred Stock
2004-02-13+1,924→ 151,924 total
Exercise: $0.15→ Common Stock (151,924 underlying)
Other
Series I Convertible Preferred Stock
2004-02-13+10,905→ 860,905 total(indirect: By Trust)
Exercise: $0.15→ Common Stock (860,905 underlying)

Holdings

Footnotes (4)

[F1]Issuance and conversion of the Series I Convertible Preferred Stock into Common Stock requires shareholder approval.
[F2]None.
[F3]On February 13, 2004, Velocity Express issued warrants to purchase Common Stock. Pursuant to anti-dilution provisions of the Series I Convertible Preferred Stock, this issuance had the effect of increasing the number of shares of Common Stock into which the Series I Convertible Preferred Stock will be convertible upon shareholder approval. On December 23, 2003, Mr. Lapp filed a Form 3 reporting that on aggregate, he owned Series I Convertible Preferred Stock that at an exercise price of $.015 per share, converted into 1,000,000 shares of Common Stock. This Form 4 is being filed to report that on aggregate, his shares of Series I Convertible Preferred Stock, exercisable at a price of $0.1481 per share, now convert into an additional 12,829 shares of Common Stock.
[F4]Shares held for the benefit of Mr. Lapp by Marshall & Ilsley Trust Company N.A., as trustee of the Lapp, Libra, Thomson, Stobner & Pusch Chartered Money Purchase Pension Plan.

Documents

1 file