4//SEC Filing
DATARAM CORP 4
Accession 0001171520-14-000558
$USAUCIK 0000027093operating
Filed
Aug 11, 8:00 PM ET
Accepted
Aug 12, 10:43 AM ET
Size
16.7 KB
Accession
0001171520-14-000558
Insider Transaction Report
Form 4
DATARAM CORPDRAM
Freeman John
DirectorPresident & CEO
Transactions
- Award
Subordinated Secured Convertible Bridge Note
2014-07-15$2.94/sh+27,210$79,997→ 27,210 totalExercise: $2.94→ Common Stock - Award
Common Stock Warrants
2014-07-15$2.94/sh+32,000$94,080→ 32,000 totalExercise: $2.94→ Common Stock - Award
Common Stock Warrants
2014-07-15$3.50/sh+32,000$112,000→ 32,000 totalExercise: $3.50→ Common Stock - Award
Common Stock Warrants
2014-07-15$3.00/sh+32,000$96,000→ 32,000 totalExercise: $3.00→ Common Stock
Holdings
- 30,000
Option
Exercise: $15.42From: 2009-09-24Exp: 2019-09-24→ Common Stock - 3,000
Common Stock, $1.00 par value
- 25,000
Option
Exercise: $19.20From: 2008-05-07Exp: 2018-05-07→ Common Stock
Footnotes (5)
- [F1]The number of options and respective prices have been adjusted to reflect a 1-for-6 reverse stock split effective as of March 15, 2013.
- [F2]Options were granted to the reporting person in consideration of the reporting person's service as President and CEO of the Company. Options were granted at an exercise price equal to the closing market price of the Company's common stock on the date of grant. Options to purchase 12, 500 shares vested on May 7, 2009; options to purchase 12,500 shares vested on May 7, 2010.
- [F3]Options were granted to the reporting person in consideration of the reporting person's service as President and CEO of the Company. Options were granted in an exercise price equal to the closing market price of the Company's stock on the date of grant. Options to purchase 15,000 shares vested on September 4, 2010; options to purchase 15,000 shares vested on September 24, 2011.
- [F4]On July 15, 2014, the reporting person entered into a Subordinated Secured Convertible Bridge Note and Warrant Purchase Agreement (the "Agreement") governing the issuance of up to $750,000 aggregate principal amount of Subordinated Secured Convertible Bridge Notes (the "Notes") and Warrants. Pursuant to the terms of the Purchase Agreement, the reporting person purchased $80,000 of Notes and Warrants to purchase 96,000 shares of the Company's Common Stock at exercise prices between $2.94 and $3.50 per share. The Warrants are exercisable for a five (5) year period commencing on the six month anniversary from the date of issuance.
- [F5]The Notes are convertible, at any time prior to maturity, into shares of the Company's common stock at the rate of one share for each $2.94 of principal amount of the Notes. The Notes mature on October 15, 2014 (subject to a three (3) month extension at the option of a majority in principal amount of the Notes).
Documents
Issuer
DATARAM CORP
CIK 0000027093
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000027093
Filing Metadata
- Form type
- 4
- Filed
- Aug 11, 8:00 PM ET
- Accepted
- Aug 12, 10:43 AM ET
- Size
- 16.7 KB