4/A//SEC Filing
AMENDED RESTATED LES SHERI BILLER REVOCABLE TRUST 4/A
Accession 0001179110-03-009163
CIK 0000878720other
Filed
Oct 22, 8:00 PM ET
Accepted
Oct 23, 6:31 PM ET
Size
10.6 KB
Accession
0001179110-03-009163
Insider Transaction Report
Form 4/AAmended
FAO INCFAOO
Transactions
- Exercise of In-Money
Warrants to Buy
2003-07-09+65,968→ 65,968 totalExercise: $1.50From: 2003-07-09Exp: 2008-07-09→ Common Stock (65,968 underlying) - Other
Obligation to buy Warrants
2003-04-23+87,957→ 87,957 totalFrom: 2003-11-30Exp: 2003-11-30→ Warrants to buy (87,957 underlying) - Other
Obligaion to buy Warrants
2003-04-23+65,968→ 65,968 totalFrom: 2003-06-01Exp: 2003-11-30→ Warrants to buy (65,968 underlying) - Exercise of In-Money
Obligation to buy Warrants
2003-07-09−65,968→ 0 totalFrom: 2003-06-01Exp: 2003-11-30→ Warrants to buy (65,968 underlying)
Footnotes (5)
- [F1]Exercise of obligation to buy Warrants, in which the Issuer exercised the right to require the Reporting Person to secure a letter of credit in favor of the Issuer, and the Issuer issued Warrant to the Reporting Person in payment therefor. The Reporting Person provided $400,000 of cash collateral in support of such letter of credit.
- [F2]The obligation to buy Warrants represents the contractual right of the Issuer to require (by exercise of the obligation), the Reporting Person to secure a letter of credit in favor of the Issuer, for which the Issuer must then issue to the Reporting Person the specified number of Warrants. The Warrants would be exercisable at $1.50 per share, be immediately excercisable and expire on the fifth anniversary of the date of issuance.
- [F3]The acquisitions of securities from the Issuer reported above are exempt from liability under Rule 16b-3 (transaction code A would also apply).
- [F4]The obligation to buy Warrants represents a contractual right of the Issuer to elect (by exercise of the obligation), not to repay certain senior notes issuable by the Issuer to the Reporting Person if the beneficiary of the lettter of credit referenced in Note 2 draws upon the letter of credit. If, at November 30, 2003, such senior notes are outstanding and the Issuer has not repaid them, the Issuer must then issue to the Reporting Person the specified number of Warrants. The Warrants would be exercisable at $1.50 per share, be immediately excercisable and expire on the fifth anniversary of the date of issuance.
- [F5]Common share equivalents and prices take into account a 1:15 reverse stock split completed on April 22, 2003.
Documents
Issuer
FAO INC
CIK 0000878720
Entity typeother
Related Parties
1- filerCIK 0001230256
Filing Metadata
- Form type
- 4/A
- Filed
- Oct 22, 8:00 PM ET
- Accepted
- Oct 23, 6:31 PM ET
- Size
- 10.6 KB