4//SEC Filing
MOT JACQUES 4
Accession 0001144204-11-002700
CIK 0001368044other
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 4:50 PM ET
Size
8.8 KB
Accession
0001144204-11-002700
Insider Transaction Report
Form 4
MOT JACQUES
DirectorPresident and CEO10% Owner
Transactions
- Other
Convertible Promissory Note
2011-01-13−1→ 0 totalExercise: $2.50→ Series C Convertible Preferred Stock (108,913.97 underlying) - Other
Series C Convertible Preferred Stock
2011-01-13$2.50/sh+108,913.97$272,285→ 108,913.97 totalExercise: $0.03→ Common Stock (10,891,397 underlying)
Footnotes (4)
- [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, and certain other parties, on January 13, 2011, the Reporting Person converted a Convertible Promissory Note of the Issuer he owned, in the principal amount of $200,000, plus all accrued but unpaid interest thereon in the amount of $72,285, for a total aggregate value of $272,285, into 108,913.97 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 typeother
Related Parties
1- filerCIK 0001088561
Filing Metadata
- Form type
- 4
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 4:50 PM ET
- Size
- 8.8 KB