GRANITO MICHAEL R 4
4 · QUICK-MED TECHNOLOGIES INC · Filed Jun 2, 2010
Insider Transaction Report
Form 4
GRANITO MICHAEL R
Director10% Owner
Transactions
- Award
Convertible Debt (right to purchase)
2009-11-10+300,000→ 11,191,732 totalExercise: $0.60From: 2009-11-10Exp: 2013-12-31→ Common Stock (300,000 underlying)
Footnotes (1)
- [F1]On November 10, 2009, Quick-Med Technologies, Inc. entered into a senior convertible debt agreement with Mr. Granito with a total principal amount of $600,000 with a conversion price of $0.60 per share of common stock for all Advances. As of November 12, 2009, the Company received $420,000, which is convertible into 700,000 common shares upon exercise of conversion, was reported on or about November 19, 2009. As of Feb. 26, 2010, the Company received the remainder of $180,000, which is convertible into 300,000 common shares upon exercise of conversion.