4//SEC Filing
Iveda Solutions, Inc. 4
Accession 0001144204-15-000668
$IVDACIK 0001397183operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 9:50 PM ET
Size
8.7 KB
Accession
0001144204-15-000668
Insider Transaction Report
Form 4
Gillen Robert
Director
Transactions
- Award
Options (Right to buy)
2014-12-31+50,000→ 50,000 totalExercise: $1.15Exp: 2024-12-31→ Common Stock (50,000 underlying) - Purchase
Warrants (Right to buy)
2015-01-05+25,000→ 25,000 total(indirect: See footnote)Exercise: $1.00From: 2015-01-05Exp: 2020-01-05→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]The options subject to this grant vested 100% on the date of the grant.
- [F2]On December 9, 2014, Squirrel-Away, LLC purchased a 9.5% Debenture (the "Debenture") from the Company in the principal amount of $100,000. The Debenture is due and payable on January 5, 2015. Under the terms of the Debenture, the Company is required to issue a warrant for an additional 25,000 shares for each month the Debenture is outstanding after the initial Maturity Date. Pursuant to the terms of the Debenture, Squirrel-Away, LLC received a warrant to purchase 25,000 shares of Common Stock.
- [F3]The securities are held by Squirrel-Away, LLC. The sole member of Squirrel-Away, LLC is G&G Trust dated 11/3/2004, which is beneficially owned by Robert Gillen and Mary Gillen (as beneficiaries of the trust). Robert Gillen and Mary Gillen are also managers of Squirrel-Away, LLC, and therefore have voting and investment power with respect to the shares of Iveda common stock held by Squirrel-Away, LLC.
Documents
Issuer
Iveda Solutions, Inc.
CIK 0001397183
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001397183
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 9:50 PM ET
- Size
- 8.7 KB