-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NvUnlUXfbGiGu+OZI9xL1Xh11wr7ViXj9xolirM+QOMMx43yjYO5mw345XNnUWLS cmKgI6Qw33WMBh72TesLHA== 0001181431-03-022921.txt : 20030911 0001181431-03-022921.hdr.sgml : 20030911 20030911202424 ACCESSION NUMBER: 0001181431-03-022921 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020124 FILED AS OF DATE: 20030911 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KRUGER WARREN F CENTRAL INDEX KEY: 0001261715 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26331 FILM NUMBER: 03892776 BUSINESS ADDRESS: STREET 1: 1613 EAST 15TH ST CITY: TULSA STATE: OK ZIP: 74120 BUSINESS PHONE: 9185887441 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PALWEB CORP CENTRAL INDEX KEY: 0001088413 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 751984048 FISCAL YEAR END: 0531 BUSINESS ADDRESS: STREET 1: 1607 W COMMERCE ST CITY: DALLAS STATE: TX ZIP: 75208 BUSINESS PHONE: 2146988330 MAIL ADDRESS: STREET 1: 1607 W. COMMERCE ST CITY: DALLAS STATE: TX ZIP: 75208 4 1 rrd18340.xml FORM 4 - WARREN F. KRUGER X0201 42002-01-240 0001088413 PALWEB CORP PLWB 0001261715 KRUGER WARREN F 1613 EAST 15TH STREET TULSA OK 74120 0100PresidentCommon Stock2003-09-084J06300001.4286A649000I Yorktown Management & Financial Services, L.L.C.Common Stock2003-01-284P04500.67A104500Iminor children Common Stock274592DCommon Stock, $.0001 par2003-09-084C040158861.4286A5809688IWestgate Capital Company, L.L.C.Series 2001 12% Cumulative Convertible Senior Pref Stock1.42862002-01-214P05226810A2002-01-21Common Stock365876573698IWestgate Investments Limited PartnershipCommon Stock Purchase Warrants52002-01-214P0313608A2002-01-212006-01-21Common Stock3136083442188IWestgate Investments Limited PartnershipSeries 2001 12% Cumulative Convertible Senior Pref Stock1.42862003-09-084C05736980DCommon Stock40158860DShares issued in exchange for cancellation of debt owed by the Issuer to the Reporting Person in connection with a loan made to the Issuer by the Reporting Person in the amount of $900,000, using a conversion rate of 1.4285714.Filer disclaims beneficial interest as shares are held indirectly as custodian for the benefit of minor children.Not applicableOn January 21, 2002, Westgate Investments Limited Partnership acquired 52,268 shares of the Issuer's Series 2001 12% Cumulative Convertible Senior Preferred Stock (the "2001 Preferred Stock"), and Common Stock Purchase Warrants (the "Warrants") to acquire 313,608 shares of Issuer's common stock for the total purchase price of $522,680. No separate conside ration was allocated to the Warrants.Includes common stock dividends paid on 2001 Preferred Stock.In connection with the conversion of the 2001 Preferred Stock , all of the Warrants were cancelled.The number and price of shares reported herein have been adjusted to reflect the 1 for 50 reverse split of the Issuer's common stock effective June 25, 2002.Warren F. Kruger2003-09-10 -----END PRIVACY-ENHANCED MESSAGE-----