4//SEC Filing
ENVIRONMENTAL SOLUTIONS WORLDWIDE INC 4
Accession 0001082278-13-000022
CIK 0001082278operating
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 5:40 PM ET
Size
16.5 KB
Accession
0001082278-13-000022
Insider Transaction Report
Form 4
HANNAN JOHN J
DirectorOther
Transactions
- Other
Restricted Common Stock, par value $0.001
2013-10-01$25.00/sh+157$3,925→ 1,317 total - Award
Restricted Common Stock, par value $0.001
2013-12-06$30.00/sh+500$15,000→ 1,817 total - Award
10% Senior Secured Convertible Promissory Note
2013-06-27+491→ 884 totalExercise: $80.00From: 2013-06-27Exp: 2018-03-22→ Common Stock (0 underlying) - Award
10% Senior Secured Convertible Promissory Note
2013-03-27+344→ 344 totalExercise: $80.00From: 2013-03-27Exp: 2018-03-22→ Common Stock (0 underlying) - Award
10% Senior Secured Convertible Promissory Note
2013-04-23+393→ 736 totalExercise: $80.00From: 2013-04-23Exp: 2018-03-22→ Common Stock (0 underlying) - Award
Restricted Common Stock, par value $0.001
2013-12-06$30.00/sh+500$15,000→ 2,317 total
Footnotes (6)
- [F1]Represents the first interest payment in respect of the 10% Senior Secured Convertible Promissory Notes Held by the Reporting Person, which the Company elected to pay in common stock pursuant to the terms of such Note. The $25 price reflects the average 20 day trailing closing price of the Company's common stock as quoted on the OTCQB prior to October 1, 2013. No cash consideration was paid for the shares.
- [F2]Includes 1,065 shares of common stock previously reported and 95 shares of restricted common stock previously issued under Company's 2010 Stock Incentive Plan of which 70 shares have already vested and the remaining 25 shares vest December 31, 2013.
- [F3]Granted under the Company's 2013 Stock Incentive Plan (the "Plan") in connection with service by the Reporting Person on the Company's board of directors. Grant deemed effective as of the date Reporting Person enters into a Restricted Stock Agreement with the Issuer. The $30 price reflects the closing price of the Company's common stock as quoted on the OTCQB on December 6, 2013. No cash consideration was paid for the shares.
- [F4]Shares of restricted stock issued under the Plan of which 334 shares vest December 31, 2013 and 166 shares vest December 31, 2014.
- [F5]Shares of restricted stock issued under the Plan of which 167 shares vest on each of December 31, 2013 and December 31, 2014 and 166 shares vest on December 31, 2015.
- [F6]Based upon the principal amount of the 10% Senior Secured Convertible Promissory Note and a conversion price of $80 per share in connection with any conversion of such Note into common stock.
Documents
Issuer
ENVIRONMENTAL SOLUTIONS WORLDWIDE INC
CIK 0001082278
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001082278
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 5:40 PM ET
- Size
- 16.5 KB