KRONSTADT ALLEN 4
4 · AXION INTERNATIONAL HOLDINGS, INC. · Filed Oct 2, 2012
Insider Transaction Report
Form 4
KRONSTADT ALLEN
Director10% Owner
Transactions
- Purchase
8.0% Convertible Note
2012-09-28$333000.00/shExercise: $0.40From: 2012-09-28→ Common Stock (832,500 underlying) - Purchase
Warrant to Purchase Common Stock
2012-09-28+832,500→ 5,106,575 totalExercise: $0.60From: 2012-09-28→ Common Stock (832,500 underlying)
Footnotes (2)
- [F1]Principal amount under the 8.0% Convertible Note is due September 28, 2017.
- [F2]Expiration Date is earlier to occur of (i) three years after the date upon which the weighted average price of a share of Common Stock for the ninety consecutive trading days prior to such date is at least $2.00 per share (as such dollar amount to be adjusted for any reverse stock split, combination or reclassification of shares or other similar event), and (ii) five years after the date on which the 8.0% Convertible Note has been repaid in full.