AI assistant
TSS, Inc. — Director's Dealing 2010
Mar 2, 2010
33106_dirs_2010-03-02_6309b223-edc3-49cc-ac74-b435ebd201a6.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fortress International Group, Inc. (FIGI)
CIK: 0001320760
Period of Report: 2010-02-28
Reporting Person: Gallagher Gerard J (Director, President & COO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-28 | Common Stock | J | 625000 | $2.00 | Acquired | 1978830 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-28 | Convertible Promissory Note | $7.50 | J | Disposed | 2012-03-01 | Common Stock (533333) | Direct | |
| 2010-02-28 | Convertible Promissory Note | $7.50 | J | Acquired | 2014-04-01 | Common Stock (366666) | Direct |
Footnotes
F1: The shares of common stock issued to the Reporting Person were issued at a price of $2.00 per share as payment for $1,250,000
of the principal balance due to the Reporting Person pursuant to that certain Convertible Promissory Note, dated January 19,
2007 (the "Note").
F2: The Company and the Reporting Person entered into that certain Amendment to Convertible Promissory Note, dated February 28,
2010 (the "Amendment"), pursuant to which certain terms of the Note, including the maturity date of the Note, were amended
and modified. In connection with the Amendment, the Reporting Person received 625,000 shares of the Company's common stock
as payment for $1,250,000 of the principal balance due to the Reporting Person pursuant to Note.
F3: The Note is convertible into shares of common stock of the Company at any time at the conversion price of $7.50 per share.