4//SEC Filing
CrowdGather, Inc. 4
Accession 0001140361-13-028399
CIK 0001328670operating
Filed
Jul 17, 8:00 PM ET
Accepted
Jul 18, 8:31 PM ET
Size
13.2 KB
Accession
0001140361-13-028399
Insider Transaction Report
Form 4
Lee Peter
10% Owner
Transactions
- Award
Common Stock Warrants (Right to Buy)
2013-07-16+1,500,000→ 1,500,000 totalExercise: $0.08From: 2013-07-16Exp: 2018-07-16→ Common Stock (1,500,000 underlying) - Award
Series B Preferred Stock
2013-07-16+150,000→ 9,000,000 total→ Common Stock (3,000,000 underlying)
Holdings
- 3,000,000
Common Stock Warrants (Right to Buy)
Exercise: $0.08From: 2013-08-02Exp: 2018-04-08→ Common Stock (3,000,000 underlying) - 194,738(indirect: Held in Reporting Person's personal holding company)
Common Stock
- 266,677(indirect: Held in Reporting Person's personal holding company)
Common Stock Warrants (Right to Buy) (Common Stock)
Exercise: $0.95From: 2010-10-22Exp: 2013-10-22→ Common Stock (266,667 underlying) - 1,003,000
Common Stock
Footnotes (6)
- [F1]The Series B Convertible Preferred Stock ("Series B Shares") are convertible in accordance with the Issuer's Certificate of Designation, which is included as exhibit 3.1 in the Issuer's Form 8-K filed on April 9, 2013.
- [F2]The Series B Shares are convertible at any time after the issuance of such shares at the holder's election and do not have an expiration date.
- [F3]The Series B Shares are convertible on a 20-for-1 basis into the number of shares of Common Stock as shown in column 7.
- [F4]The Common Stock Warrants are subject to vesting such that the Warrants vest upon the Reporting Person's purchase of an additional 300,000 Series B Shares on or before August 2, 2013.
- [F5]The Common Stock Warrants contain a limitation on exercise which prevents the Reporting Person from exercising any Warrants if, after giving effect to the exercise, the Reporting Person would beneficially own more than 4.99% of the outstanding shares of Common Stock. The Reporting Person may elect to increase this limitation to 9.99%, upon not less than 61 days prior written notice to the Company.
- [F6]Pursuant to a Securities Purchase Agreement dated April 8, 2013, between the Reporting Person and the Issuer, the Reporting Person acquired 150,000 shares of Series B Preferred Stock and warrants to purchase an aggregate 1,500,000 shares of the Issuer's common stock at an exercise price of $0.08 per share in exchange for $150,000.
Documents
Issuer
CrowdGather, Inc.
CIK 0001328670
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001328670
Filing Metadata
- Form type
- 4
- Filed
- Jul 17, 8:00 PM ET
- Accepted
- Jul 18, 8:31 PM ET
- Size
- 13.2 KB