Meisel Phillip L 4
4 · POWER EFFICIENCY CORP · Filed Feb 10, 2012
Insider Transaction Report
Form 4
POWER EFFICIENCY CORP[PEFF]
Meisel Phillip L
Director10% Owner
Transactions
- Purchase
Series E Convertible Preferred Stock, par value $0.001
2012-01-27$10000.00/sh+250$2,500,000→ 250,000,000 totalExercise: $0.00→ Common Stock
Footnotes (1)
- [F1]The Series E Convertible Preferred Stock is subject to mandatory conversion at such time as the Company possesses a sufficient number of authorized shares of Common Stock to convert all of the outstanding shares of Series E Convertible Preferred Stock. Each share of Series E Convertible Preferred Stock is currently convertible into 1,000,000 shares of Issuer's Common Stock. The Series E Convertible Preferred Stock has no expiration date.