4//SEC Filing
GRANDPARENTS.COM, INC. 4
Accession 0000921895-15-002895
CIK 0001020475operating
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 4:42 PM ET
Size
14.9 KB
Accession
0000921895-15-002895
Insider Transaction Report
Form 4
HARRIS MEL
Director
Transactions
- Purchase
Common Stock Warrant (Right to Buy)
2015-09-29+1,225,000→ 1,225,000 total(indirect: See footnote)Exercise: $0.30From: 2015-09-29Exp: 2025-09-29→ Common Stock (1,225,000 underlying) - Purchase
Common Stock, $.01 par value per share
2015-12-30$0.10/sh+7,662$728→ 2,008,000 total - Purchase
Series C Redeemable Convertible 7.5% Preferred Stock
2015-09-29+225,000→ 225,000 totalExercise: $0.20→ Common Stock (2,250,000 underlying) - Purchase
Common Stock, $.01 par value per share
2015-12-30$0.10/sh+338$32→ 2,000,338 total - Purchase
Common Stock, $.01 par value per share
2015-12-30$0.09/sh+12,000$1,134→ 2,020,000 total
Holdings
- 105,000(indirect: See footnote)
Common Stock, $.01 par value per share
- 274,000(indirect: See footnote)
Common Stock, $.01 par value per share
Footnotes (4)
- [F1]The reported securities are held by the Mel Harris Declaration of Trust Dated June 6, 2002.
- [F2]The reported securities are held by the reporting person's spouse.
- [F3]Grandparents.com, Inc. (the "Issuer") may redeem the Series C Redeemable Convertible 7.5% Preferred Stock (the "Series C Preferred Stock") at any time, at a price equal to the Stated Value per share plus any unpaid dividends. Alternatively, upon the election of Mr. Harris, the Issuer will convert shares of the Series C Preferred Stock into shares of the Issuer's common stock. In addition, the Issuer is required to redeem all remaining Series C Preferred Stock on September 29, 2025, the tenth anniversary of the original issue date.
- [F4]On September 29, 2015, Mr. Harris converted the $450,000 principal amount of his convertible note issued on April 28, 2015 into 225,000 shares of Series C Preferred Stock and warrants to purchase 1,225,000 shares of the Issuer's common stock.
Documents
Issuer
GRANDPARENTS.COM, INC.
CIK 0001020475
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001020475
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 4:42 PM ET
- Size
- 14.9 KB