BONANNO RAYMOND J 4
4 · SPICY PICKLE FRANCHISING INC · Filed Apr 26, 2011
Insider Transaction Report
Form 4
BONANNO RAYMOND J
Director
Transactions
- Award
Common Stock
2011-04-22+156,250→ 1,964,739 total
Holdings
- 769,230
Warrants
Exercise: $0.19From: 2009-09-22Exp: 2014-09-22→ Common Stock (769,230 underlying) - 100,000
Stock Options
Exercise: $0.20Exp: 2012-01-25→ Common Stock (100,000 underlying) - 153,828
Convertible note due 5/1/13
From: 2009-09-30→ Warrants (153,828 underlying) - 200,000
Stock Options (Common Stock)
Exercise: $0.09From: 2010-12-31Exp: 2015-12-31→ Common Stock (200,000 underlying) - 2,366,591
Convertible note due 5/1/13
Exercise: $0.13From: 2009-09-30Exp: 2013-05-01→ Common Stock (2,366,591 underlying) - 2,293,045(indirect: By Partnership)
Common Stock
- 90,000
Warrants
Exercise: $0.20Exp: 2014-09-22→ Common Stock (90,000 underlying) - 500,000
Stock Options
Exercise: $0.17From: 2008-11-24Exp: 2013-11-24→ Common Stock (500,000 underlying)
Footnotes (4)
- [F1]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 originally at an exercise price of $0.25 per share. The options are exercisable as to (i) 50,000 shares immediately upon date of grant; (ii) 25,000 on the 1st anniversary of date of grant; and (iii) 25,000 on the 2nd anniversary of date of grant.
- [F2]Acquired on December 14, 2007 in connection with a private placement financing transaction. The warrants are exercisable at any time, at the holder's election. On September 22, 2009, the exercise price was lowered to $0.20 and the expiration date was extended to September 22, 2014.
- [F3]On September 30, 2009, Mr. BonAnno was issued a convertible note for $307,656.89 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. BonAnno 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.
- [F4]Shares issued in lieu of compensation.