5//SEC Filing
OBJECTSOFT CORP 5
Accession 0000910680-01-000259
CIK 0000896145operating
Filed
Apr 4, 8:00 PM ET
Accepted
—
Size
18.2 KB
Accession
0000910680-01-000259
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (6)
- [1]On June 6, 2000, the Reporting Person converted 1200 of 1500 shares of Series G Preferred Stock received by the Reporting Person, as finders fees, pursuant to a purchase agreement dated December 30, 1999 by and among Cedar Trees Investments Ltd., Danby International Ltd., Garros Ltd., Hudson Venture Associates LLC, Roseworth Group Limited, Triton Private Equities Fund L.P. and Fairfield Homes Ltd. (the "Series G Preferred Stock Purchase Agreement"). The number of shares of Common Stock to be received by the Reporting Person upon the conversion of the remaining Series G Preferred Stock is dependent upon the market price of the Common Stock. Each share of the Series G Preferred Stock may be converted into Common Stock by dividing $100.00 by the lesser of (a) $2.6875 or (b) the average of the two lowest closing bid prices of the Common Stock during the 30 day trading period immediately preceding the conversion date. As a result of this formulation, the actual number of shares of Common Stock to be issued upon conversion of the Series G Preferred Stock cannot be determined at this time.
- [2]Pursuant to a private placement dated June 7, 2000, the Reporting Person received, as finders fees, 55,898 shares of Common Stock.
- [3]Pursuant to a purchase agreement dated December 29, 2000, by and among the Issuer and Warwick Corporation Ltd., Manchester Asset Management, Ltd., Aspen International, Ltd., Domino International, Ltd., Gilston Corporation, Ltd. and Magellan International, Ltd., the Reporting Person received, as finder's fees, 12.25 shares of Issuer's Series H Preferred Stock. Each share of the Series H Preferred Stock is convertible at a conversion price of $0.25 per share. Each unit consists of (i) one share of the Issuer's Common Stock and (ii) four warrants (Series A, B, C and D), each to purchase one-quarter of a share of the Issuer's common stock. The shares of Series H Preferred Stock may not be converted until the earlier of (x) March 29, 2001 and (y) the effective date of the Issuer's Form S-3 Registration Statement filed with the Securities and Exchange Commission on January 31, 2001.
- [4]In the event the Reporting Person has not exercised its conversion rights with respect to the shares of Series G Preferred Stock by December 29, 2001, such shares shall automatically be converted.
- [5]Each of the four types of warrants to be received upon conversion of the Series H Preferred Stock shall be exercisable from the date of issuance of the warrant until December 29, 2005.
- [6]Pursuant to the Series G Preferred Stock Purchase Agreement, the Reporting Person received, as finder's fees, four warrants to purchase 25,000, 25,000, 6,250 and 6,250 shares of Common Stock respectively. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Marilyn R. O'Leary April 3, 2001 ------------------------------------------- ------------------ **
Documents
Issuer
OBJECTSOFT CORP
CIK 0000896145
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000896145
Filing Metadata
- Form type
- 5
- Filed
- Apr 4, 8:00 PM ET
- Size
- 18.2 KB