POSITIVEID Corp 4
4 · POSITIVEID Corp · Filed Jan 14, 2015
Insider Transaction Report
Form 4
POSITIVEID CorpPSID
PROBST LYLE L
President
Transactions
- Award
Series I Convertible Preferred Stock
2015-01-12$1000.00/sh+150$150,000→ 290 totalExercise: $0.03From: 2017-01-01→ Common Stock (5,555,556 underlying)
Footnotes (3)
- [F1]On January 12, 2015, PositiveID Corporation granted to Mr. Probst 150 shares of Series I Convertible Preferred Stock ("Series I") as incentive compensation for 2014. The Series I granted to Mr. Probst has a stated value of $1,000 per share and are convertible into 5,555,556 shares of common stock, par value of $0.01, at $0.027 per share. The Series I will vest on January 1, 2017.
- [F2]No expiration date.
- [F3]Mr. Probst as of January 12, 2015, owns (i) 611,298 shares of common stock and 25,000 options to purchase shares of common stock, all of which are vested; (ii) 290 shares of Series I which is convertible into 11,077,517 shares of common stock.