4//SEC Filing
Gallagher Gerard J 4
Accession 0001144204-10-011078
CIK 0001320760other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 5:45 PM ET
Size
10.1 KB
Accession
0001144204-10-011078
Insider Transaction Report
Form 4
Gallagher Gerard J
DirectorPresident and COO10% Owner
Transactions
- Other
Convertible Promissory Note
2010-02-28→ 0 totalExercise: $7.50Exp: 2012-03-01→ Common Stock (533,333 underlying) - Other
Convertible Promissory Note
2010-02-28Exercise: $7.50Exp: 2014-04-01→ Common Stock (366,666 underlying) - Other
Common Stock
2010-02-28$2.00/sh+625,000$1,250,000→ 1,978,830 total
Footnotes (3)
- [F1]The shares of common stock issued to the Reporting Person were issued at a price of $2.00 per share as payment for $1,250,000 of the principal balance due to the Reporting Person pursuant to that certain Convertible Promissory Note, dated January 19, 2007 (the "Note").
- [F2]The Company and the Reporting Person entered into that certain Amendment to Convertible Promissory Note, dated February 28, 2010 (the "Amendment"), pursuant to which certain terms of the Note, including the maturity date of the Note, were amended and modified. In connection with the Amendment, the Reporting Person received 625,000 shares of the Company's common stock as payment for $1,250,000 of the principal balance due to the Reporting Person pursuant to Note.
- [F3]The Note is convertible into shares of common stock of the Company at any time at the conversion price of $7.50 per share.
Documents
Issuer
Fortress International Group, Inc.
CIK 0001320760
Entity typeother
Related Parties
1- filerCIK 0001386795
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 5:45 PM ET
- Size
- 10.1 KB