4//SEC Filing
Von Tscharner Richard 4
Accession 0001144204-11-002698
CIK 0001368044other
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 4:49 PM ET
Size
11.6 KB
Accession
0001144204-11-002698
Insider Transaction Report
Form 4
Von Tscharner Richard
10% Owner
Transactions
- Other
Series B-1 Convertible Preferred Stock
2011-01-13−3,800→ 0 totalExercise: $2.50→ Series C Convertible Preferred Stock (158,063.34 underlying) - Other
Convertible Promissory Note
2011-01-13−4→ 0 totalExercise: $2.50→ Series C Convertible Preferred Stock (3,884,592.44 underlying) - Other
Series C Convertible Preferred Stock
2011-01-13$2.50/sh+4,042,655.78$10,106,639→ 4,042,655.78 totalExercise: $0.03→ Common Stock (404,265,578 underlying)
Footnotes (5)
- [F1]Pursuant to the terms of an Investment Agreement entered into on January 5, 2011 among the Issuer, the Reporting Person, PPT Holding, B.V., a subsidiary of the Issuer ("PPT"), and certain other parties (the "Investment Agreement"), on January 13, 2011, the Reporting Person (i) converted four Convertible Promissory Notes of the Issuer he owned in an aggregate principal amount of $8,172,000, plus all accrued but unpaid interest thereon in the amount of $1,539,481, for a total aggregate value of $9,711,481, into 3,884,592.44 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, and (ii) converted 3,800 shares of the Issuer's Series B-1 Convertible Preferred Stock plus $15,158 in accrued but unpaid dividends thereon, for an aggregate value of $395,158, into 158,063.34 newly issued Series C Shares at a conversion price of $2.50 per Series C Share.
- [F2]Further, pursuant to the terms of the Investment Agreement, on January 13, 2011, the Reporting Person invested 2,500,000 Euros in PPT in return for which he received additional equity in PPT amounting to approximately 51% of the overall equity in PPT after giving effect to the issuance.
- [F3]Immediately.
- [F4]Not applicable.
- [F5]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 typeother
Related Parties
1- filerCIK 0001348119
Filing Metadata
- Form type
- 4
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 4:49 PM ET
- Size
- 11.6 KB