MARSHALL MICHAEL P 4
4 · CROWN ANDERSEN INC · Filed Jun 18, 2004
Insider Transaction Report
Form 4
MARSHALL MICHAEL P
10% Owner
Transactions
- Purchase
Convertible note
2004-03-01$2.00/sh→ 1,599,400 totalExercise: $2.00From: 2004-03-01Exp: 2005-08-26→ Preferred Stock and Common Stock (1,000,000 underlying)
Holdings
- 1,559,400(indirect: See footnote)
Common Stock
Footnotes (2)
- [F1]The shares listed include 300,000 shares owned by a family partnership that Mr. Marshall controls and 52,000 shares that may be acquired by the exercise of vested warrants. The shares also include 1,000,000 shares that are obtainable through the conversion of a promissory note first into preferred stock and then into common stock.
- [F2]On March 1, 2004 Crown Andersen Inc. borrowed $1,000,000 from Mr. Marshall pursuant to a promissory note. On June 16, 2004 Crown Andersen Inc. borrowed an additional $1,000,000 from Mr. Marshall under the note, increasing the principal balance to $2,000,000. The note is convertible into preferred stock at $2.00 per share. The preferred stock would be convertible into common stock on a one-for-one basis.