4//SEC Filing
SOLOMON STEVEN B 4
Accession 0001140361-07-005092
CIK 0000752789other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 3:56 PM ET
Size
13.4 KB
Accession
0001140361-07-005092
Insider Transaction Report
Form 4
SOLOMON STEVEN B
DirectorCEO10% Owner
Transactions
- Award
Common Stock
2007-03-02$0.01/sh+507,143$5,071→ 1,004,547 total(indirect: By CITN Investment Inc.) - Exercise of In-Money
Option Exercise
2007-03-02$0.01/sh+507,143$5,071→ 28,572 total(indirect: By CITN Investment Inc.)Exercise: $0.01From: 2007-02-28Exp: 2007-04-28→ Common Stock (507,143 underlying) - Award
Common Stock
2007-03-02$0.40/sh+250,000$100,000→ 497,404 total - Conversion
Exercise of Right to Common Stock
2007-03-02$0.40/sh+250,000$100,000→ 537,715 totalExercise: $0.40From: 2007-02-28Exp: 2017-02-28→ Common Stock (250,000 underlying)
Footnotes (3)
- [F1]On March 2, 2007 Mr. Solomon exercised his right to acquire 250,000 (post 70 to 1 reverse split shares) of CT Holdings Enterprises, Inc. common stock for providing up to $100,000 of cash to fund operating expenses of the Company.
- [F2]Adjusted for the effect of a 70 to 1 reverse stock split effective February 28, 2007.
- [F3]Mr. Solomon is a 50% owner of CITN Investment Inc. (CII) which loaned $277,447 to the Company in 2005 pursuant to a amended convertible note. In connection with the settlement of the note in May 2006, CII option to purchase 1,014,286 shares (71,000,000 pre 70 to 1 reverse split shares) of CT Holdings Enterprises common stock became exercisable at an exercise price of par value or $0.01 per share. The option would have expired on April 28, 2007, 60 days following the effectiveness of the reverse stock split.
Documents
Issuer
CT HOLDINGS ENTERPRISES INC
CIK 0000752789
Entity typeother
Related Parties
1- filerCIK 0000924806
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 3:56 PM ET
- Size
- 13.4 KB