Siegfried Thomas A. 4
4 · SUNOVIA ENERGY TECHNOLOGIES INC · Filed Jun 14, 2011
Insider Transaction Report
Form 4
Siegfried Thomas A.
Director
Transactions
- Purchase
9% Convertible Secured Promissory Notes
2011-06-10$100000.00/sh+1,666,666$166,666,600,000→ 1,666,666 total(indirect: By Trust)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. The period of time for determining the conversion price has not yet expired; the estimate included is based upon the recent trading prices of the Company's common stock.
- [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.