LANTZ GREGORY 4/A
4/A · CANTERBURY CONSULTING GROUP INC · Filed Jul 14, 2004
Insider Transaction Report
Form 4/AAmended
LANTZ GREGORY
Other
Transactions
- Other
non-recourse note
2000-06-29$1.94/sh+10,000$19,400→ 10,000 totalExercise: $1.94From: 2000-06-29Exp: 2004-06-28→ common stock (10,000 underlying)
Footnotes (1)
- [F1]This Form 4 amends an earlier Form 4 that reported the transaction at issue as a purchase of common stock. The reporting person is now disclosing the transaction, based on guidance from the Commission, as the acquisition of a non-recourse note that was used to pay substantially all of the purchase price of the common stock to be issued to the reporting person and that is secured by the common stock. The non-recourse nature of the note permits the reporting person to choose between (i) paying off the note (at a price equal to the exercise price times the number of shares of underlying common stock plus accrued interest) and acquiring full ownership of the underlying common stock or (ii) not paying off the note and accured interest and forfeiting the common stock. The principal amount of the non-recourse note as of June 29, 2000 was $19,400, and interest accrues at the rate of 6.6% per annum.