PACER TECHNOLOGY·4/A

Apr 22, 3:21 PM ET

CYAN INVESTMENTS LLC 4/A

4/A · PACER TECHNOLOGY · Filed Apr 22, 2003

Insider Transaction Report

Form 4
Period: 2003-04-07

No transactions or holdings reported in this filing.

Footnotes (4)
  • [1]The reporting persons acquired the right to instruct the owner of the reported securities to exercise the reported securities upon payment by the reporting persons of the exercise price, in which event, the reporting persons will acquire the underlying securities. Alternatively, the reporting persons have the right to direct the surrender of the reported securities.
  • [2]The reported securities are owned by CYAN Investments LLC, which is managed by Ellis T. Gravette, Jr. and G. Jeffrey Records, Jr. CYAN Investments LLC, Ellis T. Gravette, Jr. and G. Jeffrey Records, Jr. are members of a "group" for purposes of Section 13(d) of the Exchange Act.
  • [3]Ellis T. Gravette, Jr. is a manager of the LLC that owns the reported securities. Mr. Gravette disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
  • [4]G. Jeffrey Records, Jr. is a manager of the LLC that owns the reported securities. Mr. Records disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. By: Ellis T. Gravette, Jr., Manager THEODORE M. ELAM, Attorney-in-fact 4/22/03 - --------------------------------------------- ----------------------- **