Wilson James P 4
4 · JK Acquisition Corp. · Filed Dec 30, 2009
Insider Transaction Report
Form 4
JK Acquisition Corp.JKAK.OB
Wilson James P
DirectorCEO & Chm.10% Owner
Transactions
- Exercise/Conversion
Warrants to Purchase
2006-04-10$15.00/sh+0$0→ 122,223 totalExercise: $0.01Exp: 2010-04-10→ Common Stock (122,223 underlying) - Exercise/Conversion
Convertible Promissory Note
2009-12-29−67,205,780→ 0 totalExercise: $0.01From: 2008-07-21Exp: 2018-07-21→ Common Stock (67,205,780 underlying) - Exercise/Conversion
Common Stock
2009-12-29$0.01/sh+67,205,780$537,646→ 67,738,379 total
Footnotes (4)
- [F1]These shares were issued upon the conversion of a convertible promissory note representing an original principal amount of $537,646.
- [F2]The convertible promissory note was issued to representing already outstanding indebtedness in the amount of $537,646; no additional consideration was given for the note.
- [F3]This entry is for beneficial ownership only.
- [F4]Each warrant is exercisable on the later of (i) the completion of the Company's initial business combination or (ii) April 10, 2007.