KRONSTADT ALLEN 4
4 · AXION INTERNATIONAL HOLDINGS, INC. · Filed Jan 8, 2013
Insider Transaction Report
Form 4
KRONSTADT ALLEN
Director10% Owner
Transactions
- Other
Common Stock
2013-01-04+109,654→ 1,042,903 total - Purchase
Warrant to Purchase Common Stock
2013-01-04+1,250,000→ 6,356,575 totalExercise: $0.60From: 2013-01-04→ Common Stock (1,250,000 underlying) - Purchase
8.0% Convertible Note
2013-01-04$500000.00/shExercise: $0.40From: 2013-01-04→ Common Stock (1,250,000 underlying)
Footnotes (4)
- [F1]The Reporting Person received 109,654 shares of Common Stock as payment-in-kind interest on the Issuer's 8.0% Convertible Notes held by the Reporting Person on December 31, 2012.
- [F2]On September 30, 2012, the Reporting Person received 37,116 shares of Common Stock as payment-in-kind interest on the Issuer's 8.0% Convertible Notes held by the Reporting Person on September 30, 2012.
- [F3]Principal amount under the 8.0% Convertible Note is due January 4, 2018.
- [F4]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.