-----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, TmiCJtybjoJu6Vta75MoXDLg4mggvLWJ64rSF4xTrxJyTBUzciTUBSc/BfO5KF84 dUc2loxtGV4Hd+IjE9NBGw== 0001000096-06-000276.txt : 20060728 0001000096-06-000276.hdr.sgml : 20060728 20060728131732 ACCESSION NUMBER: 0001000096-06-000276 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060726 FILED AS OF DATE: 20060728 DATE AS OF CHANGE: 20060728 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BESTNET COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000799694 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 861006416 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 BUSINESS ADDRESS: STREET 1: 2850 THORNHILLS AVE. SE STREET 2: SUITE 104 CITY: GRAND RAPIDS STATE: MI ZIP: 49546 BUSINESS PHONE: 616-977-9933 MAIL ADDRESS: STREET 1: 2850 THORNHILLS AVE. SE STREET 2: SUITE 104 CITY: GRAND RAPIDS STATE: MI ZIP: 49546 FORMER COMPANY: FORMER CONFORMED NAME: WAVETECH INTERNATIONAL INC DATE OF NAME CHANGE: 19980225 FORMER COMPANY: FORMER CONFORMED NAME: WAVETECH INC DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SILVERMAN ANTHONY CENTRAL INDEX KEY: 0000904550 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15482 FILM NUMBER: 06987039 BUSINESS ADDRESS: STREET 1: 11811 N TATUM BLVD STE 4040 CITY: PHOENIX STATE: AZ ZIP: 85028 BUSINESS PHONE: 408 980-1795 MAIL ADDRESS: STREET 1: 7625 E. VIA DEL REPOSA CITY: SCOTTSDALE STATE: AZ ZIP: 85258 4 1 form4silverman_ex.xml X0202 4 2006-07-26 0 0000799694 BESTNET COMMUNICATIONS CORP BESC 0000904550 SILVERMAN ANTHONY 7305 E. DEL ACERO DRIVE SCOTTSDALE AZ 85258 1 0 0 0 Convertible Note .35 2006-07-26 4 A 0 571429 .35 A 2006-07-26 2006-10-05 Common Stock 571429 1488902 I By Self On July 5, 2006, the Company issued its 90-day Convertible Promissory Note in the principal amount of $200,000 to Anthony Silverman. Mr. Silverman is a member of the Registrant's Board of Directors and Executive Committee. The Note is due October 5, 2006 and bears interest at the rate of 10% per annum. The principal of and any accrued interest under Note is convertible at the option of the Holder into shares of the Company's common stock at a conversion price of $0.35 per shares. The note was issued but deemed effective until the closing of a Merger Agreement which closed on July 26, 2006. Mr. Silverman has a direct ownership in 150,000 warrants to purchase the Company's common stock, 90,000 options to purchse the Company's common stock, a convertible promissory note convertible into 571,429 shares of common stock, and a convertible promissory note convertible into 670,417 shares of common stock. An indirect ownership in 7,056 in warrants to purchase the Company's common stock which are held through an investment partnership of which Mr. Silverman is a 17.64% owner. /s/ Anthony Silverman 2006-07-28 -----END PRIVACY-ENHANCED MESSAGE-----