4//SEC Filing
Interiano Mel 4
Accession 0001013762-13-000650
CIK 0001383006other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 3:35 PM ET
Size
11.4 KB
Accession
0001013762-13-000650
Insider Transaction Report
Form 4
Evolucia Inc.ILED
Interiano Mel
DirectorPresident and Chief Executive
Transactions
- Award
Common Stock Purchase Warrant
2013-04-22+2,395,542→ 2,395,542 totalExercise: $0.03From: 2013-04-22Exp: 2018-04-22→ Common, par value $.001 (2,395,542 underlying)
Holdings
- 5,000,000
Non-Statutory Stock Option
Exercise: $0.02→ Common,par value $.001 (5,000,000 underlying) - 25,000,000
Common Stock Purchase Warrant
Exercise: $0.02→ Common,par value $.001 (25,000,000 underlying) - 50,000,000(indirect: By LLC)
Stock Options
Exercise: $0.02→ Common,par value $.001 (50,000,000 underlying)
Footnotes (4)
- [F1]On June 4, 2012 effective March 22, 2012 (the "Effective Date"), Mr. Interiano was granted Common Stock Purchase Warrant (the "Warrant") to purchase 25,000,000 shares (the "Warrant Shares") of the company's common stock. The exercise price for the Warrant is $0.0179. The Warrant will vest in four equal installments on a yearly basis with the intended 6,250,000 Warrant Shares vesting one year from the Effective Date then continuing thereafter at the same rate.
- [F2]On June 4, 2012, the Company and Mr. Interiano amended the Nonstatutory Stock Option Agreement entered into between the Company and VM5 Ventures LLC on January 31, 2012 covering 50,000,000 shares at an exercise price equal to the fair market value of the Company's common stock on the date of the grant, whereby the option will vest as to 25% of the shares if the Company's top line revenue has increased by $10 million. The option will continue to vest as to the remaining 75% of the shares in increments of 25% of the shares each time the Company's top line revenue increases by at least $10 million.
- [F3]In consideration for serving as a board member, Mr. Interiano was granted a non-statutory stock option (the "Option") to acquire 5,000,000 shares (the "Option Shares") of common stock of which 25% shall vest one year from the date of grant and 8.33% of such option shall vest during the nine quarters thereafter. The Option was granted to Mr. Interiano when he was appointed to the Board of Directors, but the Option Shares were not issued to him until January 15, 2013.
- [F4]On April 22, 2013, Mr. Interiano acquired a 14% Callable Promissory Note (the "Promissory Note") in the principal amount of $50,000. In addition to the Promissory Note, Mr. Interiano received a common stock purchase warrant to acquire 2,395,542 shares of common stock of the Company at an exercise price of $0.025 per share for a period of five years.
Documents
Issuer
Evolucia Inc.
CIK 0001383006
Entity typeother
Related Parties
1- filerCIK 0001546397
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 3:35 PM ET
- Size
- 11.4 KB