Gorman Tamra I 4
4 · DIGITAL LIFESTYLES GROUP INC · Filed Jan 9, 2006
Insider Transaction Report
Form 4
Gorman Tamra I
10% Owner
Transactions
- Exercise Out-of-Money
Warrant
2005-11-30−42,106→ 1,402,980 total(indirect: (3))Exercise: $0.47From: 2004-09-09→ Common Stock (42,106 underlying) - Sale
Common Stock
2005-11-30−2,890,172→ 42,106 total(indirect: (1))
Footnotes (3)
- [F1]The Reporting Person may be deemed to indirectly beneficially own 21,053 shares of the Issuer Common Stock held through the Ryleigh Gorman Trust, of which the Reporting Person is the sole trustee and 21,053 shares of the Issuer Common Stock held through John Joseph Gorman V Trust of which the Reporting Person is the sole trustee. The filing of the Form 4 shall not be construed as an admission that Ms. Gorman is the beneficial owner of any of the securities of the Issuer mentioned in this footnote.
- [F2]The Warrant will expire two years after the registration statement under the Securities Act of 1933, as amended, registering the shares of Common Stock issuable upon exercise of the Warrants is declared effective. Pursuant to a Registration Rights Agreement, the Issuer has agreed to register these shares of Common Stock.
- [F3]The Reporting Person may be deemed to indirectly beneficially own (a) a warrant to purchase 701,490 shares of the Issuer Common Stock held through the Ryleigh Gorman Trust, of which the Reporting Person is the sole trustee; and (b) a warrant to purchase 701,490 shares of the Issuer Common Stock held through John Joseph Gorman V Trust of which the Reporting Person is the sole trustee. The filing of this Form 4 shall not be construed as an admission that Ms. Gorman is the beneficial owner of any of the securities of the Issuer mentioned in this footnote.