POTTI RAM 4
4 · ELITE PHARMACEUTICALS INC /NV/ · Filed May 13, 2013
Insider Transaction Report
Form 4
POTTI RAM
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2013-05-09$0.07/sh−391,500$27,836→ 15,235,392 total(indirect: see footnote)
Footnotes (2)
- [F1]Ram Potti is an equity owner and executive officer of each of Epic Pharma, LLC ("EP"), and Epic Investments, LLC ("EI") (which is controlled by EP), which owns securities convertible into or exercisable for in excess of 10% of the outstanding shares of common stock of the issuer.
- [F2]Of the 15,235,392 shares of common stock, 14,910,666 shares of common stock are owned indirectly through EI, 1,355,014 are owned indirectly through IRA and 4,872,166 shares are owned directly by the reporting person.