Hastings John L. III 4
4 · SecureAlert, Inc. · Filed May 18, 2012
Insider Transaction Report
Form 4
Hastings John L. III
President
Transactions
- Other
Warrants
2012-05-16−18,000,000→ 18,000,000 totalExercise: $0.08Exp: 2014-09-29→ Common Stock (18,000,000 underlying) - Other
Common Stock
2012-05-16+12,000,000→ 12,000,299 total
Footnotes (2)
- [F1]On May 16, 2012, Mr. Hastings agreed to cancel unvested warrants to purchase an aggregate of 18,000,000 shares of the Issuer's common stock in exchange for the grant to Mr. Hastings of 12,000,000 restricted shares of the Issuer's common stock. These warrants comprise a portion of the warrants to purchase up to 36,000,000 shares of the Issuer's common stock originally granted to Mr. Hastings by the Issuer on October 7, 2011.
- [F2]The Warrants have a three-year vesting term and vest as follows: 12,000,000 vest on September 30, 2011; 12,000,000 vest on September 30, 2012; and 12,000,000 vest on September 30, 2013.