Feirstein Douglas 4
4 · Upstream Worldwide, Inc. · Filed Jan 31, 2012
Insider Transaction Report
Form 4
Feirstein Douglas
DirectorChief Executive Officer10% OwnerOther
Transactions
- Conversion
Convertible Note
2012-01-27−50,000→ 0 total(indirect: By LLLP)Exercise: $0.10From: 2012-01-27Exp: 2012-06-24→ Common Stock (500,000 underlying) - Award
Common Stock Warrants
2012-01-27+500,000→ 500,000 total(indirect: By LLLP)Exercise: $0.20From: 2012-01-27Exp: 2016-06-24→ Common Stock (500,000 underlying) - Award
Convertible Note
2012-01-27+50,000→ 50,000 total(indirect: By LLLP)Exercise: $0.10From: 2012-01-27Exp: 2012-06-24→ Common Stock (500,000 underlying) - Conversion
Series A Convertible Preferred Stock
2012-01-27+100,000→ 100,000 total(indirect: By LLLP)→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]The exercise or conversion price assumes the completion of a reverse stock split in which the issuer's outstanding common stock is reduced to approximately 10,000,000 shares.
- [F2]In connection with a $50,000 loan, the reporting person was issued a convertible note. The reporting person acquired the Series A upon converting a $50,000 note. The warrants were issued in connection with the loan. The exercise price of the securities was contingent on the closing of a future financing. The financing closed on January 27, 2012.
- [F3]Each share of Series A will automatically convert into five shares of the issuer's common stock at a future event which requires shareholder approval. The Series A will expire at the time of conversion.