POSITIVEID Corp 4
4 · POSITIVEID Corp · Filed Dec 24, 2015
Insider Transaction Report
Form 4
POSITIVEID CorpPSID
PROBST LYLE L
President
Transactions
- Award
Series I Convertible Preferred Stock
2015-12-22+125→ 415 totalExercise: $0.02From: 2018-01-01→ Common Stock (6,038,647 underlying)
Footnotes (3)
- [F1]On December 22, 2015, PositiveID Corporation granted to Mr. Probst 125 shares of Series I Convertible Preferred Stock ("Series I"), on a cashless basis as incentive compensation for 2016. The Series I granted to Mr. Probst has a stated value of $1,000 per share and are convertible into 6,038,647 shares of common stock, par value of $0.01, at $0.0207 per share. The Series I will vest on January 1, 2018.
- [F2]No expiration date.
- [F3]As of December 22, 2015, Mr. Probst owns a total of 415 shares of Series I, convertible into 17,726,699 shares of common stock each holding 25 votes per share for a total of 443,167,470 votes. These shares constitute the majority of his beneficial ownership in the Company.