GRIMM RAY 4
4 · FEM ONE INC · Filed Mar 21, 2006
Insider Transaction Report
Form 4
FEM ONE INCFEMO
Ray Grimm Jr.
DirectorChief Executive Officer10% Owner
Transactions
- Other
Common Stock, $0.001 par value
2006-03-17$0.01/sh+42,673,267$426,733→ 66,905,836 total
Footnotes (1)
- [F1]On March 17, 2006, the Company's board of directors ratified an oral agreement with Ray W. Grimm, Jr.from December 21, 2005, where it was agreed that the Company would repay outstanding shareholder loans and certain deferred wages at the fair market value price of the company's common stock on that date. On March 17, 2006, 42,673,267 shares of common stock were issued to repay an aggregate amount of $426,732.67 consisting of shareholder loans of $298,715.19, accrued interest of $113,017.49 and deferred wages of $15,000.