Tredennick Harry L 4
4 · INNOVATIVE CARD TECHNOLOGIES INC · Filed Nov 23, 2010
Insider Transaction Report
Form 4
Tredennick Harry L
Director
Transactions
- Purchase
Replacement Common Stock Purchase Warrant (Right to Buy)
2010-11-12+250,000→ 250,000 totalExp: 2014-11-12→ Common Stock (250,000 underlying) - Purchase
Common Stock Purchase Warrant (Right to Buy)
2010-11-12+500,000→ 500,000 totalExercise: $0.25From: 2010-11-12Exp: 2014-11-12→ Common Stock (500,000 underlying) - Purchase
6% Convertible Debenture
2010-11-12$50000.00/sh+50,000$2,500,000,000→ 50,000 totalExercise: $0.25From: 2010-11-12Exp: 2012-11-12→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]On November 12, 2010, Reporting Person participated in the offering of Issuer's 6% Convertible Debentures and common stock purchase warrants ("Units"). The transaction was disclosed by the Issuer on a Current Report filed on Form 8-K with the SEC on November 16, 2010.
- [F2]Warrants issued as part of the Units.
- [F3]The exercise price of the Replacement Warrant will be the greater of: (i) $0.25, or (ii) the closing price of the Issuers common stock on the day the Common Stock Purchase Warrant is exercised.
- [F4]The Replacement Warrant will be issued and exercisable upon the exercise of the Common Stock Purchase Warrant.