AXION INTERNATIONAL HOLDINGS, INC. 4
4 · AXION INTERNATIONAL HOLDINGS, INC. · Filed Nov 26, 2013
Insider Transaction Report
Form 4
KRONSTADT ALLEN
Director10% Owner
Transactions
- Purchase
8.0% Convertible Note
2013-11-25$201002.40/shExercise: $0.40From: 2013-11-25→ Common Stock (502,506 underlying) - Purchase
Warrant to Purchase Common Stock
2013-11-25+2,500,000→ 10,898,243 totalExercise: $0.60From: 2013-11-25→ Common Stock (2,500,000 underlying) - Purchase
8.0% Convertible Note
2013-11-25$1000000.00/shExercise: $0.40From: 2013-11-25→ Common Stock (2,500,000 underlying) - Award
Stock Option (right to buy)
2013-11-22+120,000→ 120,000 totalExercise: $0.60Exp: 2018-11-22→ Common Stock (120,000 underlying) - Purchase
Warrant to Purchase Common Stock
2013-11-25+502,506→ 8,398,243 totalExercise: $0.60From: 2013-11-25→ Common Stock (502,506 underlying)
Footnotes (3)
- [F1]Granted to the Reporting Person in connection with his service on the Board of Directors of the Issuer. The option becomes exercisable in three equal installments on November 22, 2014, 2015 and 2016.
- [F2]Principal amount under the 8.0% Convertible Note is due November 25, 2018.
- [F3]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.