4//SEC Filing
REED PRESLEY 4
Accession 0001140361-10-021621
CIK 0001367722other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 3:06 PM ET
Size
18.3 KB
Accession
0001140361-10-021621
Insider Transaction Report
Form 4
REED PRESLEY
Director
Transactions
- Other
Convertible Note due 5/1/13
2010-05-10+0→ 0 totalExercise: $0.10From: 2010-05-10Exp: 2013-05-01→ Common Stock - Other
Convertible Note due 5/1/13
2010-05-10+0→ 0 totalExp: 2013-05-01→ Warrants
Holdings
- 1,146,408(indirect: By Trust)
Common Stock
- 6,153,840
Warrants
Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (6,153,840 underlying) - 3,919,960
Convertible Note due 5/1/13
Exercise: $0.13From: 2009-09-30Exp: 2013-05-01→ Common Stock (3,919,960 underlying) - 900,000
Warrants
Exercise: $0.20Exp: 2014-09-22→ Common Stock (900,000 underlying) - 500,000
Stock Options
Exercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying) - 254,797
Convertible Note due 5/1/13
From: 2009-09-30Exp: 2013-05-01→ Warrants (254,797 underlying) - 20,052,544
Common Stock
- 100,000
Stock Option
Exercise: $0.20Exp: 2012-01-25→ Common Stock (100,000 underlying)
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 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. On 5/10/10 the due date for the note was extended to 5/1/13.
- [F5]On May 10, 2010, Mr. 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, Mr. Reed 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.
Documents
Issuer
SPICY PICKLE FRANCHISING INC
CIK 0001367722
Entity typeother
Related Parties
1- filerCIK 0001383860
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 3:06 PM ET
- Size
- 18.3 KB