STEELCLOUD INC 3
3 · STEELCLOUD INC · Filed Jul 13, 2010
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.