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VELOCITY EXPRESS CORP·4

Apr 21, 10:27 AM ET

LAPP WILLIAM S 4

4 · VELOCITY EXPRESS CORP · Filed Apr 21, 2004

Insider Transaction Report

Form 4
Period: 2004-04-19
VELOCITY EXPRESS CORPVEXP
LAPP WILLIAM S
10% Owner
Transactions
  • Other

    Series J Convertible Preferred Stock

    2004-04-19$0.15/sh+40,000$6,000→ 1,900,000 total
    Exercise: $0.15→ Common Stock (1,900,000 underlying)
Holdings

  • Series I Convertible Preferred Stock

    Exercise: $0.14→ Common Stock (156,903 underlying)
    156,903

  • Common Stock

    10,000

  • Series I Convertible Preferred Stock

    (indirect: By Trust)
    Exercise: $0.14→ Common Stock (889,122 underlying)
    889,122
Footnotes (5)
  • [F1]Issuance and conversion of the Series I and J Convertible Preferred Stock into Common Stock requires shareholder approval.
  • [F2]None.
  • [F3]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.
  • [F4]As a result of the April 19, 2004 Velocity Express sale to investors of the right to receive 353,130 shares of Series J Convertible Preferred Stock upon shareholder approval, the number of shares of common stock into which the Series I Convertible Preferred Stock are convertible upon exercise increased pursuant to anti-dilution provisions.
  • [F5]Price subject to adjustment as provided in the Certificate of Designation of Preferences and Rights of Series J Convertible Preferred Stock.

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT