Usher-Jones Brian 4
4 · XPLORE TECHNOLOGIES CORP · Filed Feb 24, 2011
Insider Transaction Report
Form 4
Usher-Jones Brian
Director
Transactions
- Other
Series D Participating Convertible Preferred Stock
2011-02-23$1.00/sh+100,000$100,000→ 2,500,000 totalExercise: $0.04From: 2011-02-23→ Common Stock (2,500,000 underlying) - Other
Warrant (Right to Buy)
2011-02-23$0.04/sh+2,500,000$100,000→ 2,500,000 totalExercise: $0.04From: 2011-02-23Exp: 2013-12-15→ Common Stock (2,500,000 underlying)
Footnotes (2)
- [F1]On February 23, 2011, the reporting person purchased in a private placement 100,000 shares of Xplore Technologies Corp. (the "Issuer") Series D Participating Convertible Preferred Stock, par value $0.001 per share, and a three-year warrant to purchase 2,500,000 shares of Issuer common stock at $0.04 per share.
- [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.