Wolf Jay 4
4 · HYTHIAM, INC. · Filed Nov 18, 2010
Insider Transaction Report
Form 4
HYTHIAM, INC.HYTM
Wolf Jay
Director
Transactions
- Purchase
12% Convertible Promissory Note
2010-11-12$0.01/sh+17,121,585$171,216→ 17,621,585 totalExercise: $0.01Exp: 2020-11-16→ Common Stock (17,121,585 underlying) - Purchase
Common Stock
2010-11-12$0.01/sh+2,878,415$28,784→ 2,878,415 total
Footnotes (1)
- [F1]The 12% Convertible Promissory Notes and any accrued interest convert automatically into common stock, if and when sufficient shares become authorized at a conversion price of $0.01 per share, subject to certain adjustments, including certain share issuances below $0.01 per share. The Company agreed to use its best efforts to file a proxy statement seeking shareholder approval to increase the number of authorized shares within 30 days of closing. The Notes mature two years from issuance.