BECKER ADELE 4
4 · SPATIALIGHT INC · Filed Jan 23, 2004
Insider Transaction Report
Form 4
SPATIALIGHT INCHDTV
ESTATE OF BECKER ISIDORE A
10% Owner
Transactions
- Conversion
Common stock
2003-12-31$2.67/sh+93,633$250,000→ 2,307,876 total - Conversion
Convertible note
2003-12-31$250000.00/sh−1$250,000→ 0 totalExercise: $2.67From: 2003-12-31Exp: 2003-12-31→ Common stock (1 underlying) - Sale
Common stock
2004-01-20$6.20/sh−17,300$107,260→ 2,290,576 total - Sale
Common stock
2004-01-21$6.20/sh−43,440$269,367→ 2,247,136 total
Footnotes (2)
- [F1]With respect to 602,207 shares, the estate is entitled to sell such shares at its discretion to realize for itself the sum of $1,790,000 less the proceeds of this transaction, and thereafter, after payment to an unrelated person of a fee of 10% of any balance remaining in stock or cash (plus certain other securities of an unrelated issuer) for services, 75% of the balance thereafter will be retained by the estate and 25% paid to Argyle Capital Management. Each of Adele Becker and Steven R. Becker, as a personal representative of the estate, is deemed an indirect beneficial owner of these securities. Steven R. Becker disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Adele Becker is sole beneficiary of the estate.
- [F2]Each of Adele Becker and Steven R. Becker, as a personal representative of the estate, is deemed an indirect beneficial owner of these securities. Steven R. Becker disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Adele Becker is sole beneficiary of the estate.