Feirstein Douglas 4
4 · usell.com, Inc. · Filed Mar 4, 2013
Insider Transaction Report
Form 4
usell.com, Inc.USEL
Feirstein Douglas
DirectorChief Executive Officer10% OwnerOther
Transactions
- Exercise/Conversion
Series D Convertible Preferred Stock
2013-02-28−90,000→ 0 total(indirect: By LLLP)→ Common stock (4,500,000 underlying) - Exercise/Conversion
Series B Convertible Preferred Stock
2013-02-28−100,000→ 0 total(indirect: By LLLP)→ Common stock (95,266 underlying) - Exercise/Conversion
Common Stock
2013-02-28+4,595,266→ 5,142,899 total(indirect: LLLP)
Holdings
- 505,072
Common Stock
Footnotes (2)
- [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.
- [F2]On the Transaction Date, the reporting person converted the Series B. Each share of Series B was convertible into 0.95266 shares of the issuer's common stock. The Series B had no expiration date.