THOMSON HOWARD 4
4 · WORLDBID CORP · Filed Nov 17, 2003
Insider Transaction Report
Form 4
WORLDBID CORPWBID
THOMSON HOWARD
DirectorC.F.O.
Transactions
- Purchase
Shares of Common Stock
2002-12-19$3977.53/sh+397,753$1,582,074,490→ 12,537,753 total - Purchase
15% Guaranteed Convertible Notes
2003-10-31$0.30/sh−30$9→ 30 totalExercise: $0.30From: 2002-09-19Exp: 2004-09-30→ Shares of Common Stock (1,500,000 underlying)
Footnotes (2)
- [F1]Interest paid by the Company on the 15% Guaranteed Convertible Notes (see note 2).
- [F2]The Notes are convertible into common shares of the Corporation, at the option of the holder, on the basis of the lesser of 50% of the average market price of the Corporation's shares for the 10 day period preceding conversion or $0.05 per share. The Corporation may at its option elect to issue common shares in satisfaction of its interest obligations on the basis of 75% of the average market price of the Corporation's shares for the 10 day period immediately preceding the interest payment date. The deemed conversion price was $0.02 per share based on the average market price of the Corporation's shares for the 10 day period preceding the purchase date.