POSITIVEID Corp 4
4 · POSITIVEID Corp · Filed Dec 24, 2015
Insider Transaction Report
Form 4
POSITIVEID CorpPSID
COBB JEFFREY S
Director
Transactions
- Award
Stock Options (Right to Buy)
2015-12-22+3,000,000→ 3,037,750 totalExercise: $0.02From: 2016-12-31Exp: 2020-12-22→ Common Stock (3,000,000 underlying) - Award
Series I Convertible Preferred Stock
2015-12-22+25→ 138 totalExercise: $0.02From: 2018-01-01→ Common Stock (1,207,729 underlying)
Footnotes (3)
- [F1]On December 22, 2015, PositiveID Corporation granted to Mr. Cobb (i) 3,000,000 options to purchase Company common stock with an exercise price of $0.0207 which vest on December 31, 2016, as equity compensation for 2016; (ii) 25 shares of Series I Convertible Preferred Stock ("Series I") with a stated value of $1,000 per share, on a cashless basis, and convertible into 1,207,729 shares of common stock, par value of $0.01, at $0.0207 per share which will vest on January 1, 2018, also as equity compensation for 2016.
- [F2]The stock option will expire on December 22, 2020 and the Series I have no expiration date.
- [F3]Mr. Cobb as of December 22, 2015, owns (i) 574,800 shares of common stock and 3,037,750 options to purchase shares of common stock, 37,750 of which are fully vested; (ii) 138 shares of Series I, convertible into 5,480,358 shares of common stock, each holding 25 votes per share for a total of 137,008,939 votes.