4//SEC Filing
GORMAN JOHN JOSEPH 4
Accession 0001270064-06-000002
CIK 0000942650other
Filed
Jan 8, 7:00 PM ET
Accepted
Jan 9, 3:04 PM ET
Size
12.9 KB
Accession
0001270064-06-000002
Insider Transaction Report
Form 4
GORMAN JOHN JOSEPH
10% Owner
Transactions
- Sale
Common Stock
2005-11-30−1,846,821→ 21,053 total - Sale
Common Stock
2005-11-30−2,890,172→ 42,106 total(indirect: (1)) - 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) - Exercise Out-of-Money
Warrant
2005-11-30−21,053→ 902,357 totalExercise: $0.47From: 2004-09-09→ Common Stock (21,053 underlying)
Footnotes (3)
- [F1]The Reporting Person may be deemed to indirectly own 21,053 shares of the Issuer Common Stock held through the Ryleigh Gorman Trust, of which the Reporting Person's spouse is the sole trustee and 21,053 shares of the Issuer Common Stock held through the John Joseph Gorman V Trust of which the Reporting Person's spouse is the sole trustee. The filing of the Form 4 shall not be construed as an admission that Mr. 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 purcahse 701,490 shares of the Issuer Common Stock held through the Ryleigh Gorman Trust, of which the Reporting Person's spouse is the sole trustee; and (b) a warrant to purcahse 701,490 shares of the Issuer Common Stock held through the John Joseph Gorman V Trust of which the Reporting Person's spouse is the sole trustee. Mr. Gorman no longer owns more than 50% of the outstanding stock of Tejas Incorporated and thus declaims any beneficial ownership of the warrant to purcahse 1,000,000 shares of Issuer Common Stock held by Tejas Incorporated. The filing of this Form 4 shall not be construed as an admission that Mr. Gorman is the beneficial owner of any of the securities of the Issuer mentioned in this footnote.
Documents
Issuer
DIGITAL LIFESTYLES GROUP INC
CIK 0000942650
Entity typeother
Related Parties
1- filerCIK 0001134999
Filing Metadata
- Form type
- 4
- Filed
- Jan 8, 7:00 PM ET
- Accepted
- Jan 9, 3:04 PM ET
- Size
- 12.9 KB