InterMetro Communications, Inc. 4
4 · InterMetro Communications, Inc. · Filed Aug 5, 2014
Insider Transaction Report
Form 4
Benson Douglas LeRoy
Director
Transactions
- Purchase
Stock Option
2014-08-01+3,000,000→ 3,000,000 totalExercise: $0.20From: 2014-08-01Exp: 2024-07-31→ Common Stock (3,000,000 underlying) - Purchase
Series B Preferred Stock (right to buy)
2014-08-01$1.00/sh+3,000,000$3,000,000→ 20,000,000 totalExercise: $0.15From: 2014-08-01→ Common Stock (20,000,000 underlying)
Footnotes (4)
- [F1]The options are convertible into shares of common stock at an exercise price equal to $.20 per share.
- [F2]The above-described Stock Options were issued in connection with the Series B Preferred Stock described in the above table.
- [F3]All options are fully exercisable upon issuance.
- [F4]Each share of Series B is convertible into 6.66 shares of common stock. There is no expiration date for the Series B conversion rights; the rights exist so long as the securities are outstanding.