MOORE THOMAS A 4
4 · Advaxis, Inc. · Filed May 16, 2012
Insider Transaction Report
Form 4
Advaxis, Inc.ADXS
MOORE THOMAS A
DirectorCHAIRMAN / CEO
Transactions
- Award
Common Stock
2012-05-14+5,490,196→ 10,842,367 total - Disposition to Issuer
Convertible Promissory Note
2012-05-14Exercise: $0.15Exp: 2012-10-31→ Common Stock (3,137,255 underlying) - Disposition to Issuer
Common Stock Warrants (right to buy)
2012-05-14−1,568,627→ 0 totalExercise: $0.15Exp: 2014-10-31→ Common Stock (1,568,627 underlying)
Footnotes (3)
- [F1]On May 14, 2012, Advaxis, Inc. (the "Company") entered into an Exchange Agreement with the Reporting Person pursuant to which the Reporting Person received 5,490,196 shares of the Company's common stock, par value $0.001 per share (the "Common Stock") in exchange for (i) surrendering to the Company a convertible promissory note of the Company with an outstanding principal amount of $470,588.24 which was convertible into 3,137,255 shares of Common Stock and warrants to purchase an aggregate of 1,568,627 shares of Common Stock, (Continued in Footnote 2)
- [F2](Continued from Footnote 1) and (ii) amending the Note Purchase Agreement, dated as of October 28, 2011, between the Company and the Reporting Person, to terminate (x) the Reporting Person's right to liquidated damages if the Company failed for any reason to satisfy the current public information requirement under Rule 144(c) promulgated under the Securities Act of 1933, as amended, (y) the Reporting Person's right to participate in any proposed or intended issuance or sale or exchange of the Company's securities, and (z) the prohibition on the Company's ability to effect, or enter into an agreement to effect, any issuance of the Company's securities for cash consideration involving a variable rate transaction.
- [F3]Immediately.