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4//SEC Filing

REED PRESLEY 4

Accession 0001140361-11-001940

CIK 0001367722other
View on SEC.govCompany Profile

Filed

Jan 6, 7:00 PM ET

Accepted

Jan 7, 4:52 PM ET

Size

18.8 KB

Accession

0001140361-11-001940

Insider Transaction Report

Form 4
Period: 2010-12-31
SPICY PICKLE FRANCHISING INCSPKL
REED PRESLEY
Director
Transactions
  • Award

    Stock Option (Common Stock)

    2010-12-31+200,000→ 200,000 total
    Exercise: $0.09From: 2010-12-31Exp: 2015-12-31→ Common Stock (200,000 underlying)
Holdings

  • Common Stock

    20,052,544

  • Common Stock

    (indirect: By Trust)
    1,146,408

  • Stock Option

    Exercise: $0.20Exp: 2012-01-25→ Common Stock (100,000 underlying)
    100,000

  • Warrants

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

  • Stock Options

    Exercise: $0.18From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying)
    500,000

  • Warrants

    Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (6,153,840 underlying)
    6,153,840

  • Convertible Note due 5/1/13

    Exercise: $0.13From: 2009-09-30Exp: 2013-05-01→ Common Stock (3,919,960 underlying)
    3,919,960

  • Convertible Note due 5/1/13

    From: 2009-09-30Exp: 2013-05-01→ Warrants (254,797 underlying)
    254,797

  • Convertible Note due 5/1/13

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

  • Convertible Note due 5/1/13

    Exp: 2013-05-01→ Warrants
    0
Footnotes (6)
  • [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.
  • [F6]On 12/31/10 the Reporting Person was granted an incentive stock option under the Issuer's 2006 Option Plan to purchase 200,000 shares of common stock at an exercise price of $0.085 per share. The options are fully vested on date of grant.

Documents

1 file

Issuer

SPICY PICKLE FRANCHISING INC

CIK 0001367722

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Entity typeother

Related Parties

1
  • filerCIK 0001383860

Filing Metadata

Form type
4
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 4:52 PM ET
Size
18.8 KB
View on SEC.gov