4//SEC Filing
Berezovsky Louis C. 4
Accession 0001079973-24-001433
CIK 0001350102other
Filed
Oct 20, 8:00 PM ET
Accepted
Oct 21, 5:15 PM ET
Size
6.7 KB
Accession
0001079973-24-001433
Insider Transaction Report
Form 4
Berezovsky Louis C.
Director
Transactions
- Purchase
Series 1C Convertible Preferred Stock
2024-10-17+25→ 25 totalExercise: $2.50From: 2025-04-18→ Common Stock
Footnotes (3)
- [F1]On October 17, 2024, the Reporting Person purchased 25 shares of the Company's newly issued Series 1C convertible preferred stock at a purchase price of $1,000 per Series 1C share. The Series 1C preferred stock is convertible into common stock beginning on 4/18/2025 at a per share conversion price of $2.50 per common share.
- [F2]The Series 1C preferred stock is perpetual and therefore has no expiration date.
- [F3]Each Series 1C share has a Stated Value of $1,000 which is convertible into 400 shares of common stock based upon the conversion price of $2.50 per common share. The 25 shares of Series 1C preferred shares purchased would be convertible into an aggregate 10,000 shares of common stock, except that the Series 1C preferred shares have a 4.99% beneficial ownership blocker on the conversion feature. The number of shares that the Reporting Person could convert and/or vote at any time, therefore, would be limited to that number of common shares (which when combined with all other common shares then beneficially owned) that would not increase the Reporting Person's beneficial ownership of common stock above 4.99% of the Company's then outstanding common stock.
Documents
Issuer
Ascent Solar Technologies, Inc.
CIK 0001350102
Entity typeother
Related Parties
1- filerCIK 0001947969
Filing Metadata
- Form type
- 4
- Filed
- Oct 20, 8:00 PM ET
- Accepted
- Oct 21, 5:15 PM ET
- Size
- 6.7 KB