Protea Biosciences Group, Inc. 4
4 · Protea Biosciences Group, Inc. · Filed Sep 18, 2014
Insider Transaction Report
Form 4
HARRIS LEONARD P
Director
Transactions
- Purchase
Warrant
2014-09-18$34909.00/sh+43,636$1,523,289,124→ 1,848,834 totalExercise: $0.80From: 2014-09-18Exp: 2019-09-18→ Common Stock (43,636 underlying) - Purchase
Convertible Note
2014-09-18$40000.00/sh+72,727$2,909,080,000→ 1,805,198 totalExercise: $0.55From: 2014-09-18Exp: 2015-09-18→ Common Stock (72,727 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 $40,000 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 43,636 shares of common stock for the principal amount of the Note plus any interest converted, exercisable at $0.80 per share for five years.