ROBINSON JOHN 4
4 · US GLOBAL NANOSPACE INC · Filed May 13, 2005
Insider Transaction Report
Form 4
ROBINSON JOHN
10% Owner
Transactions
- Other
Common Stock
2005-05-11$0.06/sh+4,734,704$303,021→ 53,098,175 total(indirect: Controlled entities)
Footnotes (2)
- [F1]On May 11, 2005, the Board of Directors authorized the issuance of 2,971,132 shares of common stock to USDR, Inc. and 1,763,572 shares of common stock to USDR Aerospace, Ltd. as full payment for loans made to US Global Nanospace, Inc. in 2003. USDR, Inc. and USDR Aerospace, Ltd. are entities that are owned and controlled by John Robinson, Chief Executive Officer of US Global Nanospace, Inc. The loans were all due and payable on February 28, 2005. Principal and accrued interest on the loan made by USDR, Inc. totaled $190,152.42; principal and accrued interest on the loan made by USDR Aerospace, Ltd. totaled $112,868.59.
- [F2]See footnote (1).