Alderox, Inc. 4
4 · Alderox, Inc. · Filed Jul 8, 2008
Insider Transaction Report
Form 4
Alderox, Inc.AROX
PALA INVESTMENTS HOLDINGS LTD
10% Owner
Transactions
- Other
12% Convertible Debenture due 2010
2008-06-30→ 11,441,526 totalExercise: $0.28Exp: 2010-12-11→ Common Stock (333,250 underlying)
Footnotes (4)
- [F1]On June 30, 2008, $93,310 in accrued, unpaid interest, which is convertible into 333,250 shares of the Issuer's common stock, was capitalized to the principal amount of the First Tranche.
- [F2]The First Tranche and Third Tranche of the 12% Convertible Debenture (including the accrued, unpaid interest thereon reported on this Form 4) are exercisable immediately.
- [F3]PIHL entered into the Debenture agreement with the Issuer and thus would directly hold any Issuer common stock obtained upon conversion of the Debenture. Because Mr. Iorich may replace any or all members of the boards of PIHL and PGHL, Mr. Iorich may be deemed to have indirect beneficial ownership of these securities. Please see the Remarks section for additional information about the relationship between PIHL and Mr. Iorich.
- [F4]Includes $78,386 in unpaid interest, accrued since the Third Tranche was issued on March 28, 2008, through June 30, 2008, which was capitalized to the principal amount of the Third Tranche. This amount is convertible into 559,900 shares of the Issuer's common stock.