AETHLON MEDICAL INC 4
4 · AETHLON MEDICAL INC · Filed Jul 15, 2013
Insider Transaction Report
Form 4
Ward Phillip A
Director
Transactions
- Award
10% Convertible Note
2013-07-09$200000.00/sh(indirect: By Trust)Exercise: $0.09Exp: 2013-10-09→ Common Stock (3,465,909 underlying)
Footnotes (2)
- [F1]Unpaid principal and accrued interest on the note are convertible at Mr. Ward's option into common stock only if the note is not repaid by October 9, 2013. In that event, unpaid principal and accrued interest may be converted into common stock at $0.088/share. In addition, upon conversion of the note, Mr. Ward would receive warrants to purchase that number of shares of common stock equal to 50% of the amount of principal and interest being converted divided by $0.088, with such warrants being exercisable at a price of $0.132/share.
- [F2]Maturity date.