KALLINS GEORGE J 4
4 · CNS RESPONSE, INC. · Filed Aug 25, 2010
Insider Transaction Report
Form 4
KALLINS GEORGE J
Director
Transactions
- Other
Common Stock Warrant
2010-08-20$0.56/sh+75,000$42,000→ 75,000 total(indirect: N/A)Exercise: $0.56Exp: 2017-08-19→ Common Stock (75,000 underlying) - Other
Common Stock Warrant
2010-08-20$0.56/sh+75,000$42,000→ 75,000 total(indirect: N/A)Exercise: $0.56Exp: 2017-08-19→ Common Stock (75,000 underlying) - Other
Secured Promissory Note
2010-08-20$0.50/sh+250,000$125,000→ 250,000 total(indirect: N/A)Exercise: $0.50Exp: 2010-12-15→ Common Stock (250,000 underlying) - Other
Secured Promissory Note
2010-08-20$0.50/sh+250,000$125,000→ 250,000 total(indirect: N/A)Exercise: $0.50Exp: 2010-12-15→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]On August 20, 2010, the Issuer issued (i) two unsecured promissory notes (each, a "Note") in the aggregate principal amount of $250,000 and (ii) two warrants (each, a "Warrant") to purchase an aggregate of 150,000 shares of the Issuer's common stock to Deerwood Partners LLC and Deerwood Holdings LLC (collectively, the "Investors"), with each Investor purchasing a Note in the aggregate principal amount of $125,000 and receiving a Warrant to purchase 75,000 shares of the Issuer's common stock. The Reporting Person is one of the managing members of each of Deerwood Partners LLC and Deerwood Holdings LLC. At the option of the Investor, the Investor may convert all or any portion of the outstanding principal balance and/or accrued but unpaid interest on the Note at any time into that number of the Issuer's common stock equal to the quotient of the amount of principal and/or accrued interest on the Note being converted divided by $0.50.
- [F2]Each Warrant is exercisable at any time until August 19, 2017 at the option of the Investor and the exercise price for each Warrant is $0.56 per share.