Santiago Francis J 4
4 · Evolucia Inc. · Filed May 6, 2013
Insider Transaction Report
Form 4
Evolucia Inc.ILED
Santiago Francis J
Director
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
Common Stock, $.001 par value
- 5,000,000
Stock Option
Exercise: $0.03From: 2012-04-02Exp: 2022-04-02→ Common,par value $.001 (5,000,000 underlying)
Footnotes (3)
- [F1]Option has a four-year vesting schedule, with 25% of the shares vested on the first anniversary of the grant and ratable vesting on a quarterly basis thereafter for 12 quarters.
- [F2]Exercise price is equal to the average of the high and low trading prices of the common stock on the date of grant
- [F3]On April 22, 2013, Mr. Santiago acquired a 14% Callable Promissory Note (the "Promissory Note") in the principal amount of $50,000. In addition to the Promissory Note, Mr. Santiago 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.