Protea Biosciences Group, Inc. 4
4 · Protea Biosciences Group, Inc. · Filed Jul 25, 2014
Insider Transaction Report
Form 4
HARRIS LEONARD P
Director
Transactions
- Purchase
Convertible Note
2014-07-24$75000.00/sh+136,364$10,227,300,000→ 1,650,653 totalExercise: $0.55From: 2014-07-24Exp: 2015-07-24→ Common Stock (136,364 underlying) - Purchase
Warrant
2014-07-24$65455.00/sh+81,818$5,355,397,190→ 1,732,471 totalExercise: $0.80From: 2014-07-24Exp: 2019-07-24→ Common Stock (81,818 underlying)
Footnotes (2)
- [F1]The Company issued a covertible promissory note (the "Note") to Leonard Harris (the "Reporting Person"). The Note's principal amount is $75,000 and bears interest at a rate of 10% annually and will mature one year from the issuance date.
- [F2]Upon conversion of the Note, the Reporting Person shall also receive a warrant to purchase 81,818 shares of common stock for the principal amount of the Note plus any interest converted, exercisable at $0.80 per share for five years.