Buckland Arthur 4
4 · SUNOVIA ENERGY TECHNOLOGIES INC · Filed Jun 14, 2011
Insider Transaction Report
Form 4
Buckland Arthur
DirectorCEO
Transactions
- Purchase
9% Convertible Secured Promissory Notes
2011-06-10$100000.00/sh+1,666,666$166,666,600,000→ 75,333,333 total(indirect: By Spouse)Exercise: $0.06From: 2012-09-01Exp: 2012-07-01→ Common Stock (1,666,666 underlying) - Purchase
9% Convertible Secured Promissory Notes
2011-06-10$100000.00/sh+1,666,666$166,666,600,000→ 73,666,666 total(indirect: Custodian for Minor Son)Exercise: $0.06From: 2012-09-01Exp: 2012-07-01→ Common Stock (1,666,666 underlying)
Footnotes (3)
- [F1]Estimated. The Notes are convertible at a conversion price equal to 150% of the market value of the common stock over a 20-day trading period beginning 10 trading days prior to issuance of the Notes.
- [F2]Each 9% Convertible Secured Promissory Note has a principal face amount of $100,000
- [F3]Assumes that the principal amount of the Note is converted at the estimated conversion price of $0.06. Holders of Notes may elect to convert interest payments to common stock as well.