Kantrowitz Ian 4
4 · Alpine 4 Technologies Ltd. · Filed Jan 9, 2020
Insider Transaction Report
Form 4
Kantrowitz Ian
Director
Transactions
- Purchase
Class B Common Stock
2020-01-07$0.15/sh+799,429$119,914→ 1,499,429 totalExercise: $0.00→ Class A Common Stock (799,429 underlying)
Footnotes (2)
- [F1]The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock at any time at the option of the reporting person. There is no expiration of the conversion right. Each one share of Class B Common Stock is convertible into one share of Class A Common Stock. There is no exercise or conversion price payable.
- [F2]The Issuer and the Reporting Person agreed to convert outstanding salary owed to the Reporting Person in the amount of $119,914.40 into shares of the Issuer's Class B common stock. The conversion price was $0.15 per share, which was the closing bid price of the Issuer's Class A common stock on the OTC QB Market on January 7, 2020, the date of the agreement to convert. The Class B common stock is convertible into the Class A common stock on a share-for-share basis.