4//SEC Filing
SACK BURTON M 4
Accession 0001013762-13-000648
CIK 0001383006other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 3:32 PM ET
Size
10.7 KB
Accession
0001013762-13-000648
Insider Transaction Report
Form 4
Evolucia Inc.ILED
SACK BURTON M
Director
Transactions
- Award
Common Stock Purchase Warrant
2013-04-22+11,977,710→ 11,977,710 total(indirect: See Footnote)Exercise: $0.03From: 2013-04-22Exp: 2018-04-22→ Common, par value $.001 (11,977,710 underlying) - Award
Common Stock Purchase Warrant
2013-02-27+6,250,000→ 6,250,000 total(indirect: See Footnote)Exercise: $0.03From: 2013-02-27Exp: 2018-02-27→ Common, par value $.001 (6,250,000 underlying)
Holdings
- 20,000,000
Common Stock, par value $.001
- 5,000,000
Non-Statutory Stock Option
Exercise: $0.03Exp: 2022-04-24→ Common, par value $.001 (5,000,000 underlying)
Footnotes (4)
- [F1]25% of the Non-Statutory Stock Option shall vest one year from the date of grant and 8.33% of such option shall vest during the nine quarters thereafter.
- [F2]On August 24, 2012, Burton "Skip" Sack, a director of Evolucia Inc. (the "Company"), provided the Company a purchase order line of credit of $250,000, which was increased to $500,000 on February 27, 2013. In consideration for providing such capital, the Company issued Mr. Sack common stock purchase warrants to acquire 6,250,000 shares of common stock at an exercise price of $0.025 per share for a period of five years.
- [F3]On April 22, 2013, Mr. Sack acquired a 14% Callable Promissory Note (the "Promissory Note") in the principal amount of $250,000. In addition to the Promissory Note, Mr. Sack received a common stock purchase warrant to acquire 11,977,710 shares of common stock of the Company at an exercise price of $0.025 per share for a period of five years.
- [F4]Securities held by Sack Family Investment Fund.
Documents
Issuer
Evolucia Inc.
CIK 0001383006
Entity typeother
Related Parties
1- filerCIK 0000932366
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 3:32 PM ET
- Size
- 10.7 KB