PHOTOWORKS INC /WA 4
4 · PHOTOWORKS INC /WA · Filed Jun 2, 2006
Insider Transaction Report
Form 4
SANCHEZ PHILIPPE
DirectorPresident and CEO
Transactions
- Award
Warrant to Purchase common stock
2006-05-30+50,000→ 50,000 totalExercise: $0.40From: 2006-05-30Exp: 2011-05-31→ Common stock (50,000 underlying)
Footnotes (1)
- [F1]The reporting person purchased from the Company a convertible note in the principal amount of $100,000 that is convertible into common stock and a warrant to purchase 50,000 shares of common stock. The aggregate consideration was $100,000. The convertible note is not exercisable until the closing of a qualifying financing or September 30, 2007. The warrant is immediately exercisable.