DEPIANO RICHARD J 4
4 · ESCALON MEDICAL CORP · Filed Feb 16, 2018
Insider Transaction Report
Form 4
DEPIANO RICHARD J
DirectorChairman and CEO
Transactions
- Other
Series A convertible preferred stock
2018-02-14$0.32/sh+1,534,883.721$495,000→ 1,534,883.721 total(indirect: By profit sharing plan)→ Common Stock (3,300,000 underlying) - Other
Series A Convertable Preferred stock
2018-02-14$0.32/sh+465,116.279$150,000→ 465,116.279 total→ Common Stock (1,000,000 underlying)
Footnotes (4)
- [F1]Each share of Series A convertible preferred stock is convertible into 2.15 shares of Escalon common stock and has no expiration date.
- [F2]Reporting person acquired these shares in exchange for the cancellation of a promissory note in the principal amount of $150,000 owed by Escalon to him.
- [F3]Reporting person acquired these shares indirectly in exchange for the cancellation of a promissory note in the principal amount of $495,000 owed by Escalon to DP Associates Inc Profit Sharing Plan.
- [F4]These shares are owned by DP Associates Inc Profit Sharing Plan of which the reporting person is the sole owner and sole trustee.