REYNA MICHAEL R 4
4 · PARAMCO FINANCIAL GROUP INC · Filed Jan 27, 2005
Insider Transaction Report
Form 4
REYNA MICHAEL R
DirectorPresident / CEO10% Owner
Transactions
- Other
SERIES D CONVERTIBLE PREFERRED STOCK
2004-12-31$38540.00/sh+38,540$1,485,331,600→ 38,540 totalFrom: 2006-01-01→ COMMON STOCK
Footnotes (1)
- [F1]The Series D Convertible Preferred Stock ("Series D Stock") may be converted in Common Stock of the Company as follows: The number of Common Shares shall be equal to the total purchase price for the Series D Stock (computed at $1.00 per share) divided by the volume-weighted-trading average Closing Bid Price for the Common Stock during the ten-day period preceding the conversion date. In addition, one additional share of Common Stock will be issued for each four shares computed in the foregoing manner. For additional information concerning the rights attributed to the Series D Stock, reference is made to the Certificate of Designation filed with the Delaware Secretary of State on November 3, 2004, which was filed with the Securities and Exchange Commission on November 16, 2004 as Exhibit 3 to the Company's Current Report on Form 8-K/A.