Ligi Allan 4
4 · IdeaEdge, Inc · Filed Nov 1, 2007
Insider Transaction Report
Form 4
IdeaEdge, Incvosi
Ligi Allan
10% Owner
Transactions
- Other
Common Stock
2007-10-16$0.03/sh+47,336,525$1,183,413→ 52,884,125 total
Footnotes (1)
- [F1]In connection with the closing of the California Subsidiary Sale,the Company issued 47,336,525 shares of the Company's common stock to Mr.Ligi in exchange for Mr. Ligi's assumption of certain debts and obligations of the Company. The issuance of the Company's shares of comman stock to Mr. Ligi is exempt from registration under the Securities Act pursuant to Section 4(2) therof. The shares of the Company's common stock issued to Mr. Ligi will be restricted shares, and the holders therof may not sell, transfer or otherwise dispose of such shares without registration under the Securities Act or an exemption therefrom.