Bravo Multinational Inc. 4
4 · Bravo Multinational Inc. · Filed Jun 6, 2016
Insider Transaction Report
Form 4
BROOKS DOUGLAS BARRY
DirectorVice-president
Transactions
- Award
Convertible Preferred Series 'A'
2016-05-06$0.10/sh+500,000$50,000→ 500,000 totalExercise: $0.10From: 2016-05-06Exp: 2036-05-06→ Preferred Series 'A' (500,000 underlying)
Footnotes (2)
- [F1]Each Series A Preferred has voting rights to 100 shares of common shares and conversion rights to 10 shares of common shares. If holder decides on complete liquidation of the Series A its liquidation value is $0.10. If holder converts to common, conversion is adjusted on 85% of the common stock price over a 20-day trailing, lowest closing bid price average. No holder can convert shares into an amount of shares of common in excess of 10% of the number common shares traded on issuers market on the date of conversion. Refer to Form 8-K/A- Exhibit 4.1 filed April 1, 2015.
- [F2]Holder received Convertible Preferred Series 'A' for past service rendered, valued at $50000.00.