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REED PATRICIA STACEY 4

Accession 0001140361-10-021619

CIK 0001367722other
View on SEC.govCompany Profile

Filed

May 16, 8:00 PM ET

Accepted

May 17, 3:03 PM ET

Size

16.6 KB

Accession

0001140361-10-021619

Insider Transaction Report

Form 4
Period: 2010-05-10
SPICY PICKLE FRANCHISING INCSPKL
REED PATRICIA STACEY
Director10% Owner
Transactions
  • Other

    Convertible Note due 5/1/13

    2010-05-10+3,919,960→ 3,919,960 total
    Exercise: $0.13From: 2009-09-30Exp: 2013-05-01→ Common Stock (3,919,960 underlying)
  • Other

    Convertible Note due 5/1/13

    2010-05-10+254,797→ 254,797 total
    From: 2009-09-30Exp: 2013-05-01→ Warrants (254,797 underlying)
  • Other

    Convertible Note due 5/1/13

    2010-05-10+0→ 0 total
    Exercise: $0.10From: 2010-05-10Exp: 2013-05-01→ Common Stock
  • Other

    Convertible Note due 5/1/13

    2010-05-10+0→ 0 total
    Exp: 2013-05-01→ Warrants
Holdings

  • Common Stock

    20,052,544

  • Warrants

    Exercise: $0.20From: 2009-12-14Exp: 2014-09-22→ Common Stock (900,000 underlying)
    900,000

  • Common Stock

    (indirect: By Trust)
    1,146,408

  • Warrants

    Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (6,153,840 underlying)
    6,153,840
Footnotes (2)
  • [F1]On May 10, 2010, Mrs. Reed became a holder of 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, the note holders will receive a warrant to purchase 1 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 preceding conversion.
  • [F2]On May 10, 2010, Mrs. Reed was issued a convertible note for a $2,000,000 revolving line of credit from the Issuer. The note is convertible at any time into shares at the rate of $0.105 per share. In addition, for every 2 shares of common stock issued on conversion, Mrs. Reed will receive a warrant to purchase 1 share of common stock with the exercise price to be 120% of the average of the value weighted average prices for the 10 trading days preceding conversion.

Documents

1 file

Issuer

SPICY PICKLE FRANCHISING INC

CIK 0001367722

→
Entity typeother

Related Parties

1
  • filerCIK 0001488760

Filing Metadata

Form type
4
Filed
May 16, 8:00 PM ET
Accepted
May 17, 3:03 PM ET
Size
16.6 KB
View on SEC.gov