AUCTENTIA S L 4
4 · GREG MANNING AUCTIONS INC · Filed Sep 10, 2003
Insider Transaction Report
Form 4
AUCTENTIA S L
10% Owner
Transactions
- Purchase
Common Stock, par value $.01
2003-09-08+6,444,318→ 15,544,097 total - Purchase
Common Stock, par value $.01
2003-09-08+3,729,226→ 9,099,779 total - Purchase
Common Stock, par value $.01
2003-09-08$1.77/sh+2,826,456$5,002,827→ 18,370,553 total
Footnotes (3)
- [F1]The securities were acquired by the reporting person pursuant to a Share Purchase Agreement, dated January 23, 2003, in exchange for all of the reporting person's equity interests in seven of its European-based operating subsidiaries. The transaction was approved by the Board of Directors and the stockholders of the issuer and closed on September 8, 2003.
- [F2]The securities were acquired by the reporting person pursuant to an Inventory Purchase Agreement, dated January 23, 2003, in exchange for all of the reporting person's equity interests in GMAI Auctentia Central de Compras, S.L. The transaction was approved by the Board of Directors and the stockholdersof the issuer and closed on September 8, 2003.
- [F3]The aggregate consideration for the securities was paid in Euros in an amount equal to US$5,000,000, calculated using the applicable conversion rate as of the close of business on September 5, 2003.