4//SEC Filing
POTTER MATTHEW B 4
Accession 0001144204-09-009453
CIK 0000830656other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 9:55 PM ET
Size
12.0 KB
Accession
0001144204-09-009453
Insider Transaction Report
Form 4
POTTER MATTHEW B
Vice President of Sales
Transactions
- Purchase
15-Month Preferred Stock Purchase Warrant
2009-02-12+130→ 130 totalExercise: $12.50From: 2009-02-12Exp: 2010-05-12→ Common Stock, par value $.01 per share (1,300 underlying) - Purchase
Series A Convertible Preferred Stock
2009-02-12+130→ 130 totalExercise: $1.15From: 2009-02-12→ Common Stock, par value $.01 per share (1,300 underlying) - Purchase
30-Month Common Stock Purchase Warrant
2009-02-12+1,300→ 1,300 totalExercise: $2.00From: 2009-02-12Exp: 2011-08-12→ Common Stock, par value $.01 per share (1,300 underlying)
Footnotes (4)
- [F1]The terms of the Series A Convertible Preferred Stock contain a limitation on conversion which prevents the Reporting Person from converting shares of Series A Convertible Preferred Stock into shares of Common Stock if, after giving effect to the conversion, 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%, 14.99% or 19.99%, upon not less than 61 days prior written notice to the Company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest in such securities.
- [F2]The Series A Convertible Preferred Stock has no expiration date.
- [F3]Pursuant to a certain Securities Purchase Agreement, dated February 12, 2009, among the Company, the Reporting Person and the other purchasers named therein, the Reporting Person purchased 130 "Units" at a purchase price of $11.50 per Unit. Each Unit consisted of (i) one share of Series A Convertible Preferred Stock, (ii) a warrant to purchase 10 shares of Common Stock, which warrant is exercisable until August 12, 2011 and (iii) a warrant to purchase, at the Reporting Person's election, either one share of Series A Convertible Preferred Stock or 10 shares of Common Stock, which warant is exercisable until May 12, 2010.
- [F4]The 30-Month Common 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%, 14.99% or 19.99%, upon not less than 61 days prior written notice to the Company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest in such securities.
Documents
Issuer
PRESSURE BIOSCIENCES INC
CIK 0000830656
Entity typeother
Related Parties
1- filerCIK 0001429378
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 9:55 PM ET
- Size
- 12.0 KB