MARSHALL DAVID M 4
4 · InterMetro Communications, Inc. · Filed Apr 8, 2011
Insider Transaction Report
Form 4
MARSHALL DAVID M
10% Owner
Transactions
- Purchase
Series A Preferred Stock (right to buy)
2009-12-04$1.00/sh+25,000$25,000→ 25,000 total(indirect: see note.)Exercise: $0.80From: 2009-12-04Exp: 2009-12-04→ Common Stock (31,250 underlying) - Other
Series A Preferred Stock (right to buy)
2010-07-13−25,000→ 0 total(indirect: See note 3.)Exercise: $0.80From: 2009-12-04Exp: 2009-12-04→ Common Stock (31,250 underlying) - Other
Series A Preferred Stock (right to buy)
2010-07-13+25,000→ 25,000 total(indirect: see note 3.)Exercise: $0.66From: 2009-12-04Exp: 2009-12-04→ Common Stock (37,500 underlying)
Footnotes (8)
- [F1]The Series A Preferred Stock is convertible into common stock at the rate of 1.25 shares of common stock for each share of preferred stock. The preferred stock is also redeemable at the option of the issuer at any time after 3/31/2010 for $1.25 per share plus accrued unpaid dividends.
- [F2]There is no expiration date. The preferred stock is convertible as long as it remains outstanding.
- [F3]The securities are owned by the David Marshall, Inc. Profit Sharing Plan, of which the reporting person is the sole trustee and beneficiary.
- [F4]See note 1.
- [F5]The Series A Preferred Stock was amended to change the conversion ratio from 1.25 shares of common stock for each share of preferred stock to 1.50 shares of common stock for each share of preferred stock. The preferred stock is also redeemable at the option of the issuer at any time after 3/31/2010 for $1.25 per share plus accrued unpaid dividends.
- [F6]See note 2.
- [F7]See note 5.
- [F8]See note 2.