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POWER EFFICIENCY CORP·4

Dec 29, 3:22 PM ET

STRASSER STEVEN Z 4

4 · POWER EFFICIENCY CORP · Filed Dec 29, 2009

Insider Transaction Report

Form 4
Period: 2009-12-11
POWER EFFICIENCY CORPPEFF
STRASSER STEVEN Z
DirectorCEO10% Owner
Transactions
  • Other

    Common Stock Warrants

    2009-12-11+312,500→ 312,500 total
    Exercise: $0.40Exp: 2014-12-10→ Common Stock (312,500 underlying)
  • Other

    Series C Preferred Stock

    2009-12-11$250000.00/sh−6,250$1,562,500,000→ 0 total
    Exercise: $0.40→ Common Stock (625,000 underlying)
  • Other

    Series C-1 Preferred Stock

    2009-12-11$250000.00/sh+6,250$1,562,500,000→ 6,250 total
    Exercise: $0.30→ Common Stock (833,334 underlying)
Footnotes (5)
  • [F1]Immediately
  • [F2]None
  • [F3]These warrants were part of a purchase of Series C-1 Convertible Preferred Stock as described above.
  • [F4]Under the terms of the Series C Convertible Preferred Stock, the holders of the Series C exchanged the Series C Convertible Preferred Stock to Series C-1 Convertible Preferred Stock.
  • [F5]On December 11, 2010, the Series C-1 Convertible Preferred Stock conversion price increases to $0.40, and the amount of underlying common stock the Series C-1 Convertible Preferred Stock converts into becomes 625,000.

Documents

1 file
  • 4
    edgar.xmlPrimary

    FORM 4 -