Borza John Stanley 4
4 · PREMIER BIOMEDICAL INC · Filed Oct 10, 2012
Insider Transaction Report
Form 4
Borza John Stanley
Director
Transactions
- Award
Common Stock Warrant
2012-10-08+1,120,000→ 1,147,250 total(indirect: By Spouse)Exercise: $1.45From: 2012-10-08Exp: 2019-10-01→ Common Stock (1,120,000 underlying)
Footnotes (2)
- [F1]Of the 1,120,000 warrants, 1,000,000 of them vest immediately and are immediately exercisable. The other 120,000 warrants vest according to the following schedule: (i) 50% on January 15, 2013, and (ii) 50% on June 15, 2013, and then may be exercised immediately. In order for the 120,000 warrants to vest the holder must be with the company in the same capacity as he is now. If he leaves the company prior to vesting the 120,000 warrants terminate.
- [F2]The holder received the warrants for the following: (i) 1,000,000 as compensation for past services as a member of the company's Board of Directors, (ii) 70,000 for services provided to the company, and (iii) 50,000 for current compensation for serving on the company's Board of Directors.