Raman Nik 4
4 · usell.com, Inc. · Filed Mar 4, 2013
Insider Transaction Report
Form 4
usell.com, Inc.USEL
Raman Nik
Chief Operating Officer
Transactions
- Exercise/Conversion
Series D Convertible Preferred Stock
2013-02-28−90,000→ 0 total→ Common stock (4,500,000 underlying) - Exercise/Conversion
Common Stock
2013-02-28+4,500,000→ 4,500,000 total
Footnotes (1)
- [F1]The issuer filed an Amendment to the Certificate of Designation making the Series D Preferred Stock convertible at the holders' option. On the Transaction Date, the reporting person converted the Series D. Each share of Series D was convertible into 50 shares of common stock. The Series D had no expiration date.