Infinity Augmented Reality, Inc. 4
4 · Infinity Augmented Reality, Inc. · Filed Sep 3, 2015
Insider Transaction Report
Form 4
SUNCORPORATION
10% Owner
Transactions
- Conversion
Series B Convertible Preferred Stock, $0.00001 par value
2015-08-25$0.02/sh+37,243,214$651,756→ 37,243,214 totalExercise: $0.02→ Common Stock, $0.00001 par value (37,243,214 underlying) - Purchase
Series B Convertible Preferred Stock, $0.00001 par value
2015-09-01$0.02/sh+111,729,641$1,955,269→ 148,972,855 totalExercise: $0.02→ Common Stock, $0.00001 par value (111,729,641 underlying)
Footnotes (2)
- [F1]The 37,243,214 shares of Series B Convertible Preferred Stock were issued upon conversion of a Convertible Promissory Note, which occurred automatically upon the filing of the Series B Certificate of Designation. This is the Convertible Promissory Note that was also convertible into shares of the Issuer's common stock as previsouly disclosed on the Reporting Person's Form 3 filed on August 28, 2015.
- [F2]The Series B Convertible Preferred Stock is convertible at any time, at the holder's election and has no expiration date.