Brooks Stanley C 5
5 · AUTO UNDERWRITERS OF AMERICA, INC. · Filed Jan 25, 2005
Insider Transaction Report
Form 5
Brooks Stanley C
10% Owner
Transactions
- Other
Common Stock
2004-08-16+247,500→ 250,000 total
Footnotes (1)
- [F1]In 2003, Mr. Brooks received 250,000 shares of Common Stock from the Issuer pursuant to an Investment Banking Agreement, which provided reverse stock split protection for these shares. In March 2004, these shares were reduced to 2,500 shares by a 1:100 reverse stock split. On August 16, 2004, pursuant to the reverse split protection clause in the Investment Banking Agreement and at no cost to Mr. Brooks, the Issuer issued 247,000 shares to Mr. Brooks to compensate for the reduction in shares caused by the reverse split.