5/A//SEC Filing
REED PRESLEY 5/A
Accession 0001140361-10-017935
CIK 0001367722other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 12:50 PM ET
Size
16.2 KB
Accession
0001140361-10-017935
Insider Transaction Report
Form 5/AAmended
REED PRESLEY
Director
Transactions
- Other
Convertible Note due 1/31/12
2009-09-30+3,919,960→ 3,919,960 totalExercise: $0.13From: 2009-09-30Exp: 2012-01-31→ Common Stock (3,919,960 underlying) - Other
Convertible Note due 1/31/12
2009-09-30+254,797→ 254,797 totalFrom: 2009-09-30→ Warrants (254,797 underlying)
Holdings
- 1,146,408(indirect: By Trust)
Common Stock
- 100,000
Stock Option
Exercise: $0.25Exp: 2012-01-25→ Common Stock (100,000 underlying) - 500,000
Stock Options
Exercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying) - 16,552,544
Common Stock
- 900,000
Warrants
Exercise: $0.20Exp: 2014-09-22→ Common Stock (900,000 underlying) - 6,153,840
Warrants
Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (6,153,840 underlying)
Footnotes (4)
- [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. On September 8, 2009 the price was reset to $0.20.
- [F3]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.
- [F4]On September 30, 2009 Mr. Reed was issued a convertible note for $509,594.79 from the Issuer. The note is convertible at any time into shares at the rate of $0.13 per share. In addition, for every $2.00 converted, Mr. Reed will receive a warrant to purchase one share of common stock with the exercise price to be 120% of the average of the volume weighted average prices for the 10 trading days preceeding conversion.
Documents
Issuer
SPICY PICKLE FRANCHISING INC
CIK 0001367722
Entity typeother
Related Parties
1- filerCIK 0001383860
Filing Metadata
- Form type
- 5/A
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 12:50 PM ET
- Size
- 16.2 KB