SpendSmart Payments Co 4
4 · SpendSmart Payments Co · Filed Mar 11, 2014
Insider Transaction Report
Form 4
Proto Joseph
Director
Transactions
- Purchase
Series C Convertible Preferred Stock
2014-03-06+55,533→ 55,533 total(indirect: See Footnote)Exercise: $0.75From: 2014-03-06→ Common Stock (222,132 underlying) - Purchase
Common Stock Purchase Warrants
2014-03-06+222,132→ 0 total(indirect: See Footnote)Exercise: $1.10From: 2014-03-06Exp: 2019-03-06→ Common Stock (222,132 underlying)
Footnotes (2)
- [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.
- [F2]The amounts shown represent the beneficial ownership or the issuer's securities by Windham-BMP Investment I, LLC which may be deemed attributable to Mr. Proto because Mr. Proto is a general partner of Windham. Mr. Proto disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.