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4//SEC Filing

NCT GROUP, INC. 4

Accession 0000722051-07-000036

CIK 0000722051operating
View on SEC.govCompany Profile

Filed

Apr 8, 8:00 PM ET

Accepted

Apr 9, 9:55 AM ET

Size

10.5 KB

Accession

0000722051-07-000036

Insider Transaction Report

Form 4
Period: 2007-04-04
NCT GROUP, INC.NCTI
ACME ASSOCIATES INC
10% Owner
Transactions
  • Purchase

    Warrant - right to acquire common stock

    2007-04-04+5,200,000→ 5,200,000 total
    Exercise: $0.01From: 2007-04-04Exp: 2012-04-04→ Common Stock (5,200,000 underlying)
  • Purchase

    8% Convertible Note

    2007-04-04+60,000,000→ 60,000,000 total
    Exercise: $0.01From: 2007-04-04→ Common Stock (60,000,000 underlying)
SALKIND CAROLE
10% Owner
Transactions
  • Purchase

    8% Convertible Note

    2007-04-04+60,000,000→ 60,000,000 total
    Exercise: $0.01From: 2007-04-04→ Common Stock (60,000,000 underlying)
  • Purchase

    Warrant - right to acquire common stock

    2007-04-04+5,200,000→ 5,200,000 total
    Exercise: $0.01From: 2007-04-04Exp: 2012-04-04→ Common Stock (5,200,000 underlying)
Footnotes (6)
  • [F1]Note is in the principal amount of $600,000 and is due to Carole Salkind on 10/04/07.
  • [F2]Note along with accrued interest is convertible into shares of common stock at any time between note issuance and date of note discharge.
  • [F3]The conversion price is the greater of: (a) the lowest last sale price of NCT's common stock during the five-day period comprised of the date of the note, date preceding and three dates following; or (b) the par value of NCT's common stock on the date the conversion notice is delivered to NCT.
  • [F4]Consideration paid for the note consisted of $275,000 in cash.
  • [F5]The exercise price is the greater of: (a) the lowest last sale price of NCT's common stock during the five-day period comprised of the date of the note, date preceding and three dates following; or (b) the par value of NCT's common stock on the date the exercise notice is delivered to NCT.
  • [F6]Warrant was issued to Carole Salkind in connection with the issuance of the note outlined in footnote (1) above.

Documents

1 file

Issuer

NCT GROUP, INC.

CIK 0000722051

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000722051

Filing Metadata

Form type
4
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 9:55 AM ET
Size
10.5 KB
View on SEC.gov