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Non-Tech : pamc
PAMC 46.54+1.8%Nov 5 4:00 PM EST
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To: Goodboy who wrote (267)5/5/1999 7:19:00 PM
From: Steven M. Kaplan  Read Replies (1) of 570
 
Provident Option to Purchase HealthAxis Shares Held by PILIC.

On March 24, 1999, Provident Indemnity Life Insurance Company ("PILIC"), a subsidiary of Provident and holder of all of the Series A Preferred Stock of the Company, granted Provident the option to purchase all of the Company's Series A Preferred Stock owned by it at a purchase price of $4.71 per share plus 8% interest calculated quarterly and compounded annually from March 24, 1999 to the date of purchase. The option expires on December 17, 2003.
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