SpendSmart Payments Co 4
4 · SpendSmart Payments Co · Filed Mar 10, 2014
Insider Transaction Report
Form 4
Hernandez-Ellsworth William M.
President10% Owner
Transactions
- Purchase
Common Stock Purchase Warrants
2014-03-06+26,668→ 0 totalExercise: $1.10From: 2014-03-06Exp: 2019-03-06→ Common Stock (26,668 underlying) - Purchase
Series C Convertible Preferred Stock
2014-03-06+6,667→ 6,667 totalExercise: $0.75From: 2014-03-06→ Common Stock (26,668 underlying)
Footnotes (1)
- [F1]The securities will be convertible immediately into common stock (initially at a conversion price of $0.75 per share) at any time without expiration as determined by dividing the Stated Value of the Series C Convertible Preferred Stock by the then applicable conversion price. The Reporting Person paid an aggregate of $3.00 for a unit consisting of one share of Series C Convertible Preferred Stock and a common stock purchase warrant to purchase four shares of the Company's common stock.