BONANNO RAYMOND J 4
4 · SPICY PICKLE FRANCHISING INC · Filed Sep 24, 2009
Insider Transaction Report
Form 4
BONANNO RAYMOND J
Director
Transactions
- Purchase
Common Stock
2009-09-22$0.13/sh+1,538,462$200,000→ 1,568,489 total(indirect: Raymond J. and Joan E. BonAnno JTWROS) - Conversion
Common Stock
2009-09-22$0.42/sh+240,000$102,000→ 1,808,489 total(indirect: Raymon J. BonAnno and Joan E. BonAnno JTWROS) - Conversion
Series A Variable Rate Convertible Preferred Stock
2009-09-22−12→ 0 total(indirect: Raymond J. BonAnno and Joan E. BonAnno JTWOS)Exercise: $0.42→ Common Stock (240,000 underlying) - Purchase
Warrants
2009-09-22+769,230→ 769,230 total(indirect: Raymond J. BonAnno and Joan E. BonAnno JTWROS)Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (769,230 underlying)
Holdings
- 90,000(indirect: Raymond J. BonAnno and Joan E. BonAnno JTWOS)
Warrants
Exercise: $0.20Exp: 2014-09-22→ Common Stock (90,000 underlying) - 100,000
Stock Options
Exercise: $0.25Exp: 2012-01-25→ Common Stock (100,000 underlying) - 2,293,045(indirect: By Partnership)
Common Stock
- 500,000
Stock Options
Exercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying)
Footnotes (4)
- [F1]On January 25, 2007, the Reporting Person was granted an incentive stock option under the Issuer's 2006 Option Plan to purchase 100,000 shares of common stock at an exercise price of $0.25 per share. The options are exercisable as to (i) 50,000 shares immediately upon date of grant; (ii) 25,000 on the 1st anniversary of date of grant; and (iii) 25,000 on the 2nd anniversary of date of grant.
- [F2]Acquired on December 14, 2007 in connection with a private placement financing transaction. The convertible preferred stock is convertible at any time, at the holder's election and have no expiration date.
- [F3]Acquired on December 14, 2007 in connection with a private placement financing transaction. The warrants are exercisable at any time, at the holder's election. On September 22, 2009, the exercise price was lowered to $0.20 and the expiration date was extended to September 22, 2014.
- [F4]The warrants were acquired in connection with the purchase of 1,538,462 shares for $200,000.