4//SEC Filing
RAPISAND MICHAEL J 4
Accession 0001104659-11-006868
CIK 0001177845other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 4:37 PM ET
Size
7.8 KB
Accession
0001104659-11-006868
Insider Transaction Report
Form 4
RAPISAND MICHAEL J
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2011-02-09−300,000→ 0 total - Award
Series D Participating Convertible Preferred Stock
2011-02-09$1.00/sh+30,000$30,000→ 30,000 totalExercise: $0.04From: 2011-03-31→ Common Stock (750,000 underlying)
Footnotes (2)
- [F1]Granted by Board of Directors. Upon vesting, the reporting person will receive these shares of Series D Participating Convertible Preferred Stock in lieu of $30,000 of his annual salary for the period beginning April 1, 2010 and ending March 31, 2011. The shares of Series D Participating Preferred Stock will vest on March 31, 2011. The 30,000 shares of Series D Participating Convertible Preferred Stock are in lieu of 300,000 shares of restricted common stock previously granted by the Board of Directors on May 14, 2010, which were not issued.
- [F2]Each share of Series D Preferred Stock is convertible at any time, at the holder's election, into shares of Common Stock at a conversion price of $0.04 per share, subject to adjustment for stock dividends, splits, combinations and similar events.
Documents
Issuer
XPLORE TECHNOLOGIES CORP
CIK 0001177845
Entity typeother
Related Parties
1- filerCIK 0001237659
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 4:37 PM ET
- Size
- 7.8 KB