3//SEC Filing
AXTIVE CORP 3
Accession 0001209191-03-010506
CIK 0001015172operating
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 10:37 AM ET
Size
6.4 KB
Accession
0001209191-03-010506
Insider Transaction Report
Form 3
AXTIVE CORPAXTV
No transactions or holdings reported in this filing.
Footnotes (5)
- [F1]There is no expiration date for conversion of the Preferred Stock.
- [F2]Based on the conversion of 1,250 shares of Preferred Stock and the initial conversion price of $0.10 (which is subject to future adjustment). Conversion is determined by dividing the liquidation price with respect to the Preferred Stock (which is equal to the issuance price of $1,000 per share plus any accrued, but unpaid dividends) by the conversion price. There are currently no accrued but unpaid dividends.
- [F3]The shares of Preferred Stock and the warrants to purchase Common Stock are directly owned by Global Capital Funding Group, L.P. ("Global") The reporting person is an equity owner of the sole general partner of Global and, therefore, may be deemed to share voting and investment power with respect to such securities. The filing of this statement shall not be construed as a admission that the reporting person is the beneficial owner of such securities.
- [F4]Initial exercise price per share, which is subject to future adjustment pursuant to the terms of the warrant.
- [F5]The reporting person expressly disclaims beneficial ownership of all such securities, except for 3.9625 shares of Series A Convertible Preferred Stock (currently convertible into [39,625] shares of Common Stock) and warrants to purchase 7,925 shares of Common stock as a result of an indirect ownership interest based solely upon the reporting person's minority limited partner interest in Global and minority equity ownership in the general partner of Global.
Documents
Issuer
AXTIVE CORP
CIK 0001015172
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001015172
Filing Metadata
- Form type
- 3
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 10:37 AM ET
- Size
- 6.4 KB