Dong Steven 5
5 · DigitalPost Interactive, Inc. · Filed Feb 16, 2010
Insider Transaction Report
Form 5
Dong Steven
CFO
Transactions
- Other
Secured Convertible Promissory Note
2009-11-09+1→ 5,706,995 totalExercise: $0.08From: 2009-10-05→ $.001 Par Value Common Stock (562,500 underlying)
Footnotes (2)
- [F1]The conversion price of a convertible note purchased in October 2007 was reduced to $0.08 per share in exchange for Mr. Dong entering into an extension agreement on November 9, 2009.
- [F2]5,706,995 includes: (i) 288,510 shares of common stock underlying warrants and 562,500 shares of common stock underlying a convertible note purchased by Mr. Dong pursuant to a convertible note offering by the Company in October 2007, and, (ii) previously granted options to purchase 980,985 shares of comon stock granted to a consulting firm owned by Mr. Dong from when Mr. Dong was a consultant of the Company prior to his employment.