3//SEC Filing
STEELCLOUD INC 3
Accession 0001144204-10-037638
CIK 0001058027operating
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 12:21 PM ET
Size
8.3 KB
Accession
0001144204-10-037638
Insider Transaction Report
Form 3
STEELCLOUD INCSCLD.PK
Clipper Investors LLC
10% Owner
Holdings
Series A Preferred Stock
Exercise: $0.10From: 2010-07-02→ Common Stock (9,000,000 underlying)Convertible Notes
Exercise: $0.10From: 2010-07-02→ Common Stock (11,000,000 underlying)Warrants
Exercise: $0.14From: 2010-07-02Exp: 2015-07-02→ Common Stock (20,000,000 underlying)
Footnotes (3)
- [F1]The Reporting Person acquired 450,000 shares of the Issuer's Series A Preferred Stock ("Preferred Stock") on July 2, 2010. Copies of the definitive transaction documents are attached to the Issuer's Current Report on Form 8-K dated July 9, 2010. Each share of Preferred Stock held by the Reporting Person is convertible into shares of the Issuer's common stock ("Common Stock") at $0.10 per share (subject to customary adjustments for stock splits and similar events), with no expiration date, giving the Reporting Person the right to acquire 9,000,000 shares of Common Stock.
- [F2]The Reporting Person acquired a convertible promissory note of the Issuer with a principal balance of $1,100,000 (the "Clipper Note") on July 2, 2010. Copies of the definitive transaction agreements are attached to the Issuer's Current Report on Form 8-K dated July 9, 2010. The Clipper Note is convertible into Common Stock at $0.10 per share (subject to customary adjustments for stock splits and similar events), with no expiration date.
- [F3]The Reporting Person acquired warrants of the Issuer exercisable for a total of 20,000,000 shares of Common Stock at $0.14 per share (subject to customary adjustments for stock splits and similar events) on July 2, 2010. Copies of the definitive transaction agreements are attached to the Issuer's Current Report on Form 8-K dated July 9, 2010.
Documents
Issuer
STEELCLOUD INC
CIK 0001058027
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001058027
Filing Metadata
- Form type
- 3
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 12:21 PM ET
- Size
- 8.3 KB