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4//SEC Filing

REED PRESLEY 4

Accession 0001140361-09-021639

CIK 0001367722other
View on SEC.govCompany Profile

Filed

Sep 23, 8:00 PM ET

Accepted

Sep 24, 2:34 PM ET

Size

16.4 KB

Accession

0001140361-09-021639

Insider Transaction Report

Form 4
Period: 2009-09-22
SPICY PICKLE FRANCHISING INCSPKL
REED PRESLEY
Director
Transactions
  • Purchase

    Common Stock

    2009-09-22$0.13/sh+12,307,696$1,600,000→ 14,152,544 total
  • Conversion

    Common Stock

    2009-09-22$0.42/sh+2,400,000$1,020,000→ 16,552,544 total
  • Purchase

    Warrants

    2009-09-22+6,153,840→ 6,153,840 total
    Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (6,153,840 underlying)
  • Conversion

    Series A Variable Rate Convertible Preferred Stock

    2009-09-22−120→ 0 total
    Exercise: $0.42→ Common Stock (2,400,000 underlying)
Holdings

  • Common Stock

    (indirect: By Trust)
    1,146,408

  • Stock Options

    Exercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying)
    500,000

  • Warrants

    Exercise: $0.20Exp: 2014-09-22→ Common Stock (900,000 underlying)
    900,000

  • Stock Option

    Exercise: $0.25Exp: 2012-01-25→ Common Stock (100,000 underlying)
    100,000
Footnotes (5)
  • [F1]The Reporting Person's wife is the beneficiary of the trust.
  • [F2]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 option is exercisable as to (i) 50,000 shares immediately upon date of grant; (ii) 25,000 on 1st anniversary of grant; and (iii) 25,000 on 2nd anniversary of date of grant.
  • [F3]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 has no expiration date.
  • [F4]Acquired on December 14, 2007 in connection with the private placement financing transaction with the Issuer. The warrants are exercisable at any time. On September 22, 2009, the exercise price was lowered to $0.20 and the expiration date was extended to September 22, 2014.
  • [F5]The warrants were acquired in connection with the purchase of 12,307,696 shares for $1,600,000.

Documents

1 file

Issuer

SPICY PICKLE FRANCHISING INC

CIK 0001367722

→
Entity typeother

Related Parties

1
  • filerCIK 0001383860

Filing Metadata

Form type
4
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 2:34 PM ET
Size
16.4 KB
View on SEC.gov