Flux Power Holdings, Inc. 4
4 · Flux Power Holdings, Inc. · Filed Mar 6, 2015
Insider Transaction Report
Form 4
Anthony Christopher Lee
DirectorChairman, CEO, President10% Owner
Transactions
- Other
Common Stock
2015-02-18$0.03/sh−3,000,000$75,000→ 8,818,816 total
Footnotes (1)
- [F1]On December 6, 2014, Christopher Anthony borrowed $75,000 ("Loan") from a non-affiliated lender (the "Lender") for the purpose of paying off personal obligations. The Loan matured on January 31, 2015. As collateral for the Loan, Mr. Anthony pledged to the Lender 3,000,000 shares of Common Stock ("Pledge Shares"). The pledge provides that if Mr. Anthony defaults on the Loan, the lender may sell the Pledged Shares in a public or private sale or other proceedings, and allows the Lender to transfer the Pledged Shares to the Lender's name or the name of its nominee. On February 1, 2015, Mr. Anthony defaulted on the Loan. On February 18, 2015, the Lender proceeded to transfer the Pledged Shares to its name, which constitutes a sale of the Pledged Shares.