RAPISAND MICHAEL J 4/A
4/A · XPLORE TECHNOLOGIES CORP · Filed Mar 24, 2011
Insider Transaction Report
Form 4/AAmended
RAPISAND MICHAEL J
Chief Financial Officer
Transactions
- Award
Warrant (Right to Buy)
2011-02-09$0.04/sh+750,000$30,000→ 750,000 totalExercise: $0.04From: 2011-03-31Exp: 2013-12-15→ Common Stock (750,000 underlying)
Footnotes (1)
- [F1]Granted by Board of Directors. Upon vesting, the reporting person will receive the 30,000 shares of Series D Participating Convertible Preferred Stock, par value $0.0001 per share, and a three-year warrant to purchase 750,000 shares of Issuer common stock at $0.04 per share, 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 Convertible Preferred Stock and the right to exercise the warrant will vest on March 31, 2011.