4//SEC Filing
NOTIFY TECHNOLOGY CORP 4
Accession 0001081853-07-000003
CIK 0001031980operating
Filed
May 30, 8:00 PM ET
Accepted
May 31, 9:52 PM ET
Size
11.5 KB
Accession
0001081853-07-000003
Insider Transaction Report
Form 4
BREWER DAVID A
Director10% Owner
Transactions
- Purchase
Common Stock Warrant
2007-05-29$0.20/sh+1,281,901$256,380→ 1,281,901 total(indirect: See note #1)Exercise: $1.00From: 2007-05-30Exp: 2008-07-21→ Common Stock (1,281,901 underlying) - Purchase
Common Stock
2007-05-29$0.20/sh+6,650,000$1,330,000→ 6,650,000 total(indirect: See note #1) - Purchase
Unit Purchase Option
2007-05-29$0.20/sh+7.597$2→ 2,307,439 total(indirect: See note #1)Exercise: $100000.00From: 2007-05-30Exp: 2008-07-21→ Common Stock (1,025,538 underlying)
Footnotes (5)
- [F1]The securities were purchased directly by 21X Investments LLC. David A. Brewer is the sole member and manager of 21X Investments LLC.
- [F2]The market's closing price on 5/25/07 (the last business day before the transaction on 5/29/07) was $0.20 per common share.
- [F3]Each Unit Purchase Option ("UPO") issued by Notify Technology Corp. entitles the holder to convert, at the holder's option, the UPO into 10,000 shares of Preferred Stock (each of which is convertible into 10 shares of Common Stock) plus a warrant for the purchase of 35,000 shares of Common Stock (which warrant can be exercised at $1.00 per share of additional consideration). Therefore, if the UPO is exercised, the shares of Preferred Stock converted into Common Stock and the Common Stock issuable upon the exercise of the warrants are added, the total underlying securities are 1,025,538 shares of Common Stock.
- [F4]The exact number of Unit Purchase Options acquired is slightly different, due to rounding.
- [F5]The total derivative securities was computed as follows: The sum of 1,281,901 shares of Common Stock exercisable pursuant to the 1,281,901 Warrants plus 135,000 shares of Common Stock exercisable pursuant to each of the 7.596541 Unit Purchase Options (or 1,025,538 shares of Common Stock) equals a total of 2,307,439 shares of Common Stock.
Documents
Issuer
NOTIFY TECHNOLOGY CORP
CIK 0001031980
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001031980
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 9:52 PM ET
- Size
- 11.5 KB