Sweeney Thomas P III 4
4 · INCENTRA SOLUTIONS, INC. · Filed Dec 28, 2006
Insider Transaction Report
Form 4
Sweeney Thomas P III
DirectorChairman and CEO
Transactions
- Expiration (Short)
Convertible Note
2006-09-07$100000.00/sh−71,429$7,142,900,000→ 4,435,193 totalExercise: $1.40From: 2006-05-19Exp: 2007-05-19→ Common Stock (71,429 underlying) - Purchase
Common Stock Purchase Warrant
2006-05-19+23,684→ 4,506,622 totalExercise: $1.40From: 2006-05-19Exp: 2011-05-19→ Common Stock (23,684 underlying) - Purchase
Convertible Note
2006-05-19$100000.00/sh+71,429$7,142,900,000→ 4,482,938 totalExercise: $1.40From: 2006-05-19Exp: 2007-05-19→ Common Stock (71,429 underlying)
Footnotes (3)
- [F1]One year unsecured convertible note, convertible into unregistered common stock at $1.40 per share. Annual interest of 12%. The unregistered common shares underlying the convertible note are covered by certain demand and piggy-back registration rights which become effective May 19, 2007.
- [F2]Common stock warrant to purchase unregistered shares of common stock acquired in connection with an investment in a convertible note on May 19, 2006. The unregistered common shares underlying the warrant are covered by certain demand and piggy-back registration rights which become effective May 19, 2007.
- [F3]Convertible note dated May 19, 2006 was prepaid by Incentra Solutions, Inc. prior to maturity terminating the conversion rights as to 71,429 share of Common Stock.