CONTINENTAL SOUTHERN RESOURCES INC 4
4 · CONTINENTAL SOUTHERN RESOURCES INC · Filed Oct 20, 2003
Insider Transaction Report
Form 4
MARCUS MICHAEL
10% Owner
Transactions
- Other
Warrants
2003-10-17+50,000→ 50,000 totalExercise: $5.00From: 2003-10-17Exp: 2006-10-17→ Common Stock $.001 par value (50,000 underlying) - Other
Convertible Notes
2003-10-17−476,923→ 0 totalExercise: $3.25From: 2002-10-15Exp: 2003-10-30→ Common Stock $.001 par value (476,923 underlying) - Other
Convertible Note
2003-10-17+620,000→ 620,000 totalExercise: $2.50From: 2003-10-17Exp: 2004-06-30→ Common Stock $.001 par value (620,000 underlying)
Footnotes (2)
- [F1]50,000 Warrants issued for extension of previously existing notes. Strike price on notes was lowered from $3.25 to $2.50. Notes original date due were in October of 2003, they were extended until June of 2004.
- [F2]There were two convertible notes previously existing. Both entered into during October of 2002. Both had one year maturities and converted into common stock at $3.25/share. In exchange for an extension until June 30 of 2004 on the existing notes 50,000 warrants were issued and the conversion price on the notes was changed from $3.25/share to $2.50/share.