4//SEC Filing
CLAUDIO KEVIN K 4
Accession 0001019687-11-003032
CIK 0001364560other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 4:25 PM ET
Size
11.7 KB
Accession
0001019687-11-003032
Insider Transaction Report
Form 4
Helix Wind, Corp.HLXW.OB
CLAUDIO KEVIN K
Chief Financial Officer
Transactions
- Award
9% Convertible Debenture
2011-05-10$100000.00/sh+1$100,000→ 1 totalFrom: 2011-05-10Exp: 2014-05-10→ Common Stock - Disposition to Issuer
9% Convertible Debenture
2011-05-16$100000.00/sh−1$100,000→ 0 totalFrom: 2011-05-16Exp: 2014-05-16→ Common Stock - Award
Series A Preferred Stock
2011-05-16$100000.00/sh+216,216$21,621,600,000→ 216,216 totalFrom: 2011-05-16→ Common Stock
Footnotes (5)
- [F1]9% Convertible Debenture may be converted at the reporting person's option into common stock (the "Common Stock") of the Issuer. The number of shares of Common Stock to be issued upon such conversion shall be determined by dividing (i) the conversion amount by (ii) the lower of (1) 100% of the volume-weighted average price of the Common Stock (the "VWAP') for the three (3) trading days with the lowest VWAP during the twenty (20) trading days immediately preceding the date set forth on the Notice of Conversion (defined below), or (2) 50% of the lower of (A) the average VWAP over the five (5) trading days immediately preceding the date set forth in the Notice of Conversion or (B) the VWAP on the day immediately preceding the date set forth in the Notice of Conversion.
- [F2]The consideration given by the reporting person for the 9% Convertible Debenture was $100,000 of accrued employee related obligations.
- [F3]The reporting person exchanged the 9% Convertible Debenture into 216,216 shares of Series A Preferred Stock. The Series A Preferred Stock may be converted at the reporting person's option into Common Stock of the Issuer. The number of shares of Common Stock to be issued upon such conversion shall be determined by dividing (i) the conversion amount by (ii) the lower of (1) 100% of the volume-weighted average price of the Common Stock (the "VWAP') for the three (3) trading days with the lowest VWAP during the twenty (20) trading days immediately preceding the date set forth on the Notice of Conversion (defined below), or (2) 50% of the lower of (A) the average VWAP over the five (5) trading days immediately preceding the date set forth in the Notice of Conversion or (B) the VWAP on the day immediately preceding the date set forth in the Notice of Conversion.
- [F4]Not applicable
- [F5]The consideration given by the reporting person for the Series A Preferred Stock was the exchange of the 9% Convertible Debenture.
Documents
Issuer
Helix Wind, Corp.
CIK 0001364560
Entity typeother
Related Parties
1- filerCIK 0001224562
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 4:25 PM ET
- Size
- 11.7 KB