MEDIS TECHNOLOGIES LTD 4
4 · MEDIS TECHNOLOGIES LTD · Filed Sep 2, 2003
Insider Transaction Report
Form 4
CVF, LLC
10% OwnerOther
Transactions
- Other
Subscription Rights (right to buy)
2003-02-07+209,753→ 209,753 totalExercise: $2.15From: 2003-03-11Exp: 2003-03-11→ Common Stock (209,753 underlying) - Exercise of In-Money
Common Stock
2003-03-11$2.15/sh+209,753$450,969→ 2,113,485 total - Exercise of In-Money
Subscription Rights (right to buy)
2003-03-11−209,753→ 0 totalExercise: $2.15From: 2003-03-11Exp: 2003-03-11→ Common Stock (209,753 underlying)
Footnotes (2)
- [F1]Richard Goodman is Executive Manger of CVF, LLC, which beneficially owns the securities described on this Form 4. Accordingly, Ricahrd Goodman is deemed to indirectly beneficially own the shares and warrants described on this Form 4. Richard C. Goodman disclaims beneficially ownership of all of the securities described on this Form 4.
- [F2]Issued pursuant to Issuer's Rights Offering which expired on March 11, 2003. Pursuant to the Rights Offering, each existing stockholder of the Issuer on February 7, 2003 received, at no charge, 0.110180929 subscription rights for each share of the Issuer's common stock that the stockholder owned on February 7, 2003. One full subscription right entitled the stockholder to purchase one share of the Issuer's common stock at a subscription price of $2.15 per share.