4//SEC Filing
Plastinum Polymer Technologies Corp. 4
Accession 0001144204-11-002697
CIK 0001368044operating
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 4:48 PM ET
Size
8.9 KB
Accession
0001144204-11-002697
Insider Transaction Report
Form 4
SCHRODER & CO BANQUE SA
10% Owner
Transactions
- Other
Series B-1 Convertible Preferred Stock
2011-01-13−38,600→ 0 totalExercise: $2.50→ Series C Convertible Preferred Stock (1,605,570.79 underlying) - Other
Series C Convertible Preferred Stock
2011-01-13$2.50/sh+1,605,590.79$4,013,977→ 1,605,590.79 totalExercise: $0.03→ Common Stock (160,559,079 underlying)
Footnotes (4)
- [F1]On January 13, 2011, the Reporting Person converted 38,600 shares of the Issuer's Series B-1 Convertible Preferred Stock plus $153,977 in accrued but unpaid dividends thereon, for an aggregate value of $4,013,977, into 1,605,570.79 newly issued shares of the Issuer's Series C Convertible Preferred Stock ("Series C Shares") at a conversion price of $2.50 per Series C Share.
- [F2]Immediately.
- [F3]Not applicable.
- [F4]Each Series C Share will be automatically converted into shares of the Company's Common Stock at $.025 per share, or 100 shares of Common Stock per Series C Share, at such time as there are a sufficient number of authorized shares of Common stock available to permit the conversion of all Series C Shares and, until such time, has the same voting, dividend and distribution rights as the number of shares of Common Stock into which it would automatically convert.
Documents
Issuer
Plastinum Polymer Technologies Corp.
CIK 0001368044
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001368044
Filing Metadata
- Form type
- 4
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 4:48 PM ET
- Size
- 8.9 KB