Global Defense & National Security Systems, Inc. 4
4 · Global Defense & National Security Systems, Inc. · Filed Nov 17, 2015
Insider Transaction Report
Form 4
Perl Andrew Damian
Director10% Owner
Transactions
- Purchase
Convertible Promissory Note
2015-11-13$10.63/sh+66,928$711,445→ 66,928 total(indirect: See Footnote)Exercise: $10.63Exp: 2015-11-24→ Common Stock (66,928 underlying)
Footnotes (3)
- [F1]Following the consummation of the Issuer's initial Business Combination (as defined in the Issuer's Amended and Restated Certificate of Incorporation), the convertible promissory note shall be convertible at the option of the holder at the greater of (1) $10.00 per share and (2) the 30-day trailing average of the closing price per share. The information in this table is based on an assumed conversion price of $10.63.
- [F2]The convertible promissory note only becomes convertible, at the election of Global Defense & National Security Holdings LLC, immediately following the consummation of the Issuer's initial Business Combination.
- [F3]The convertible promissory note is held by Global Defense & National Security Holdings LLC, a limited liability company indirectly controlled by Mr. Perl.