NEDERLANDER ROBERT E ET AL 4
4 · ALLIS CHALMERS CORP · Filed Apr 6, 2004
Insider Transaction Report
Form 4
NEDERLANDER ROBERT E ET AL
Director
Transactions
- Purchase
Common Stock, par value $0.15 per share
2004-04-02$0.50/sh+1,033,333$516,667→ 1,382,643 total(indirect: See Note) - Award
Non-Employee Option to purchase common stock
2004-04-02+10,000→ 1,345,333 totalExercise: $0.55From: 2004-04-02Exp: 2014-04-01→ Common stock, par value $0.15 per share (10,000 underlying) - Purchase
Warrants
2004-04-02$0.11/sh+1,333,333$150,000→ 1,345,333 total(indirect: See Note)Exercise: $0.50From: 2004-04-02Exp: 2006-04-01→ Common stock, par value $0.15 per share (1,333,333 underlying) - Award
Common Stock, par value $0.15 per share
2004-04-02+10,000→ 1,382,643 total
Footnotes (2)
- [F1]On April 2, 2004, RER Corp., a Michigan corporation wholly owned by Mr. Nederlander, acquired 1,033,333 shares of Common Stock and Warrants to acquire 1,333,333 shares of Common Stock at an exercise price of $0.50 per share, in a private transaction with the Issuer.
- [F2]On April 2, 2004, Mr. Nederlander was issued (a) 10,000 shares of Common Stock and (b) options to purchase 10,000 shares of Common Stock pursuant to the Issuer?s 2003 Stock Incentive Plan. The Options are exercisable for $0.55 per share and have a term of ten years. The shares and options were issued in lieu of fees for services as a director in 2002 and 2003.