TYPHOON TOUCH TECHNOLOGIES, INC. 4
4 · TYPHOON TOUCH TECHNOLOGIES, INC. · Filed Aug 5, 2008
Insider Transaction Report
Form 4
SHEPARD JAMES GIBB
DirectorPresident, CEO10% Owner
Transactions
- Other
Common Stock
2008-07-01$59805.00/sh−36,000,000$2,152,980,000,000→ 0 total
Footnotes (3)
- [F1]Pre-split forward split shares.
- [F2]The shares last traded for $3.50 per share. Based on the last trade price these shares were worth $126 million in market value at time of transaction. The shares of Typhoon are thinly traded and as a result market price may not accurately reflect the value of the shares of Typhoon. As stated in the financial statements of Typhoon and disclosed in the Schedule 14A filed April 29, 2008, the book value of the 36 million shares being returned to treasury is $59,805 as are the assets acquired from Typhoon in exchange for these shares.
- [F3]The shares were returned to treasury of Typhoon in exchange as partial consideration for all the assets of the music business of Typhoon acquired in an asset purchase agreement as disclosed in Schedule 14 A filed April 29, 2008 and on Form 8-K filed July 3, 2008.