CLOSE CHARLES R 4
4 · ADAIR INTERNATIONAL OIL & GAS INC · Filed Sep 17, 2003
Insider Transaction Report
Form 4
CLOSE CHARLES R
Director
Transactions
- Purchase
"Series A" Convertible Preferred Stock
2003-06-27$1.00/sh+27,500$27,500→ 27,500 totalExercise: $0.00→ Common Stock
Footnotes (3)
- [F1]Payment in lieu of cash for directors fees for eleven (11) months, August 2002 thru June 2003.
- [F2]These Preferred shares are convertible into 27,500,000 shares of Common Stock at the option of the holder and at such time as a sufficient number of authorized common shares are available from the Issuer. The shares of "Series A" Convertible Preferred Stock are convertible into shares of Common Stock on a 1:1000 basis, subject to adjustment for stock splits, consolidations and stock dividends.
- [F3]The "Series A" Convertible Preferred Stock carries no expiration date.