Klinkhammer Rene 4
4 · SecureAlert, Inc. · Filed May 4, 2011
Insider Transaction Report
Form 4
Klinkhammer Rene
Director
Transactions
- Award
Series D Convertible Preferred Stock
2011-04-29+255→ 255 totalExercise: $0.00→ Common Stock (1,530,000 underlying)
Footnotes (3)
- [F1]A third party provided services to the issuer, SecureAlert, Inc., in connection with which, the issuer had an obligation to issue shares of Series D Convertible Preferred Stock. Mr. Klinkhammer purchased this claim from the third party and, at the direction of the third party, SecureAlert issued 255 shares of Series D Convertible Preferred Stock to Mr. Klinkhammer. Mr. Klinkhammer is a director of the issuer and an employee of the third party entity.
- [F2]The Series D Convertible Preferred Stock converts into common stock of SecureAlert, Inc., at a ratio of one share of Series D Preferred into 6,000 shares of common stock. The Series D Preferred Stock was convertible beginning on April 13, 2010, and there is no expiration date.
- [F3]The 255 shares of Series D Convertible Preferred Stock are convertible into 1,530,000 shares of common stock of SecureAlert, Inc.