HYPERDYNAMICS CORP 4
4 · HYPERDYNAMICS CORP · Filed Jul 11, 2017
Insider Transaction Report
Form 4
Leonard Ray
DirectorChief Executive Officer
Transactions
- Other
Common Stock
2017-07-07$1.21/sh+43,083$52,130→ 491,677 total - Other
1% Series A Convertible Preferred Stock
2017-07-07+50→ 0 totalExercise: $2.75From: 2017-07-07→ Common Stock (18,957 underlying)
Footnotes (1)
- [F1]The Series A Convertible Preferred Stock is convertible at a stated value of $1,040 per share plus any accrued but unpaid dividends into issuer's common stock at the option of the reporting person, in whole or in part, at a price per share equal to the lower of (i) $2.75 (subject to adjustment in certain circumstances), or (ii) 80% of the lowest closing price during 21 consecutive trading days ending on the trading day immediately prior to the conversion date, subject to a floor of $0.25 per share (which floor is subject to adjustment in certain circumstances). On July 7, 2017, the reporting person converted 50 shares of Series A Convertible preferred stock at a conversion price of $1.21 per share, resulting in the issuance to the reporting person 43,083 shares of the issuer's common stock.