4//SEC Filing
Siegfried Thomas A. 4
Accession 0001013762-13-000651
CIK 0001383006other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 3:37 PM ET
Size
15.0 KB
Accession
0001013762-13-000651
Insider Transaction Report
Form 4
Evolucia Inc.ILED
Siegfried Thomas A.
Director
Transactions
- Award
Common Stock Purchase Warrant
2013-02-22+107,000,000→ 107,000,000 total(indirect: Please see Footnote (6))Exercise: $0.03From: 2013-02-22Exp: 2018-02-22→ Common, par value $.001 (107,000,000 underlying) - Award
Common Stock Purchase Warrant
2013-04-22+4,791,084→ 4,791,084 total(indirect: Please see Footnote (6))Exercise: $0.03From: 2013-04-22Exp: 2018-04-22→ Common, par value $.001 (4,791,084 underlying)
Holdings
- 62,794,048(indirect: Please see Footnote (7))
Common Stock, par value $.001
- 25,000,000(indirect: Please see Footnote (6))
Common Stock Purchase Warrant
Exercise: $0.03From: 2012-12-10Exp: 2017-12-10→ Common, par value $.001 (25,000,000 underlying) - 5,000,000
Non-Statutory Stock Option
Exercise: $0.03Exp: 2022-12-06→ Common, par value $.001 (5,000,000 underlying) - 2,500,000(indirect: Please see Footnote (6))
9% Convertible Promissory Note
Exercise: $0.02Exp: 2013-07-01→ Common, par value $.001 (2,500,000 underlying)
Footnotes (7)
- [F1]On December 10, 2012, Mr. Siegfried loaned Evolucia Inc. (the "Company") $300,000. In consideration for providing such loan, the Company issued Mr. Siegfried a common stock purchase warrant to acquire 25,000,000 shares of common stock.
- [F2]In consideration for serving as a board member, Mr. Siegfried was granted an non-statutory stock option to acquire 5,000,000 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.
- [F3]In June 2011, Mr. Siegfried acquired a 9% Convertible Promissory Note in the principal amount of $100,000 (the "Note"). In April 2012, Mr. Siegfried restructured the Note by extending the maturity date to July 1, 2013 and converted 50% of the principal amount of the Notes to common stock at $.02 per share which was the trading price of the shares on the conversion date. Further, the Company modified the terms of the remaining debt to allow conversion at $.02 per share and to increase the interest rate to 10% per annum.
- [F4]On April 1, 2012, Mr. Siegfried provided $2.0 million to the Company for the sole purpose of providing a purchase order financing line of credit. On February 22, 2013 the Company and Mr. Siegfried entered into a letter agreement whereby the Company will be entitled to utilize the proceeds for working capital purposes in addition to specific purchase orders. In consideration for providing such working capital, the Company issued Mr. Siegfried a common stock purchase warrant to acquire 107 million shares of common stock at an exercise price of $0.025 per share for a period of five years.
- [F5]On April 22, 2013, Mr. Siegfried acquired a 14% Callable Promissory Note (the "Promissory Note") in the principal amount of $100,000. In addition to the Promissory Note, Mr. Siegfried received a common stock purchase warrant to acquire 4,791,084 shares of common stock of the Company at an exercise price of $0.025 per share for a period of five years.
- [F6]Securities held by the Thomas A. Siegfried Living Trust.
- [F7]Shares held in the Thomas A Siegfried Living Trust and the Thomas A. Siegfried Irrevocable Trust, of which Mr. Siegfried is the sole beneficiary and the trustee.
Documents
Issuer
Evolucia Inc.
CIK 0001383006
Entity typeother
Related Parties
1- filerCIK 0001512489
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 3:37 PM ET
- Size
- 15.0 KB