DATARAM CORP 4
4 · DATARAM CORP · Filed Aug 12, 2014
Insider Transaction Report
Form 4
DATARAM CORPDRAM
Palker Marc P.
Chief Financial Officer
Transactions
- Award
Subordinated Secured Convertible Bridge Note
2014-07-15$2.94/sh+1,700$4,998→ 1,700 totalExercise: $2.94→ Common Stock - Award
Common Stock Warrants
2014-07-15$2.94/sh+2,000$5,880→ 2,000 totalExercise: $2.94→ Common Stock - Award
Common Stock Warrants
2014-07-15$3.00/sh+2,000$6,000→ 2,000 totalExercise: $3.00→ Common Stock - Award
Common Stock Warrants
2014-07-15$3.50/sh+2,000$7,000→ 2,000 totalExercise: $3.50→ Common Stock
Holdings
- 2,000
Common Stock, $1.00 par value
Footnotes (2)
- [F1]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 $5,000 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 $5,000 of Notes and Warrants to purchase 6,000 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.
- [F2]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).