PAONI ANTHONY J 4
4 · TELKONET INC · Filed Nov 19, 2009
Insider Transaction Report
Form 4
TELKONET INCTKOI.PK
PAONI ANTHONY J
Director
Transactions
- Purchase
Series A Convertible Redeemable Preferred Stock
2009-11-16+5→ 68,870 total(indirect: By LLC) - Purchase
Warrants
2009-11-16+37,880→ 157,880 total(indirect: By LLC)Exercise: $0.33→ Common Stock (37,880 underlying)
Footnotes (3)
- [F1]Item 4, Table I -- The reported securities are included within 5 Units purchased by the reporting person for $ 5,000 per Unit. Each Unit consists of 1 share of Series A Convertible Redeemable Preferred Stock, which is convertible into 13,774 shares of common stock at approximately $0.363 per share, and one warrant to purchase 7,576 shares of common stock at $0.33 per share.
- [F2]Item 6, Table II -- The warrants are exercisable at any time and from time to time on or after the issuance date (such issuance date currently anticipated to be November 19, 2009) and through and including the fifth anniversary of the issuance date.
- [F3]Item 8, Table II -- The reported securities are included within 5 Units purchased by the reporting person for $ 5,000 per Unit. Each Unit consists of 1 share of Series A Convertible Redeemable Preferred Stock, which is convertible into 13,774 shares of common stock at approximately $0.363 per share, and one warrant to purchase 7,576 shares of common stock at $0.33 per share.