4/A//SEC Filing
RUSH FINANCIAL TECHNOLOGIES INC 4/A
Accession 0001270044-06-000051
CIK 0000884892operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 8:11 PM ET
Size
15.3 KB
Accession
0001270044-06-000051
Insider Transaction Report
Form 4/AAmended
Kane M Patricia
CHIEF FINANCIAL OFFICER
Transactions
- Purchase
Series E Convertible Preferred Stock
2006-05-19$1000.00/sh+52.5$52,500→ 52.5 total(indirect: By IRA)Exercise: $0.15→ Common Stock (350,000 underlying) - Purchase
Warrants
2006-05-19$0.30/sh+175,000$52,500→ 175,000 total(indirect: By IRA)Exercise: $0.30→ Common Stock (175,000 underlying) - Award
Nonqualified Stock Options (right to buy)
2006-05-19$0.28/sh+3,600,000$1,008,000→ 3,600,000 totalExercise: $0.28Exp: 2011-05-19→ Common Stock (3,600,000 underlying) - Purchase
Series E Convertible Preferred Stock
2006-05-19$1000.00/sh+203.5$203,500→ 203.5 totalExercise: $0.15→ Common Stock (1,356,667 underlying) - Purchase
Warrants
2006-05-19$0.30/sh+678,333$203,500→ 678,333 totalExercise: $0.30→ Common Stock (678,333 underlying)
Footnotes (5)
- [F1]Conversion automatic upon shareholder approval of amendment to Company's Articles of Incorporation increasing number of authorized shares outstanding to 500,000,000.
- [F2]There is no expiration date.
- [F3]The Warrants are exercisable immediately upon shareholder approval of amendment to Company's Articles of Incorporation increasing number of authorized shares outstanding to 500,000,000.
- [F4]The Warrants expire five years after the date upon which they first become exercisable.
- [F5]The options vest and become exercisable on the following dates and in the following increments: 25% on May 19, 2007; another 25% on May 19, 2008; the remaining 50% on May 19, 2009.
Documents
Issuer
RUSH FINANCIAL TECHNOLOGIES INC
CIK 0000884892
Entity typeoperating
IncorporatedIL
Related Parties
1- filerCIK 0000884892
Filing Metadata
- Form type
- 4/A
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 8:11 PM ET
- Size
- 15.3 KB