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4//SEC Filing

SecureAlert, Inc. 4

Accession 0001179110-13-017158

$TRCKCIK 0001045942operating
View on SEC.govCompany Profile

Filed

Nov 26, 7:00 PM ET

Accepted

Nov 27, 1:55 PM ET

Size

27.0 KB

Accession

0001179110-13-017158

Insider Transaction Report

Form 4
Period: 2013-11-25
SecureAlert, Inc.SCRA
Olsen Chad
Chief Financial Officer, Sec.
Transactions
  • Exercise/Conversion

    Warrant

    2013-11-26−1,000→ 0 total
    From: 2011-11-04Exp: 2014-01-15→ Common Stock (1,000 underlying)
  • Exercise/Conversion

    Common Stock

    2013-11-25$15.00/sh+3,590$53,850→ 3,804 total
  • Tax Payment

    Common Stock

    2013-11-25$19.00/sh−26,305$499,795→ 4,665 total
  • Tax Payment

    Common Stock

    2013-11-26$19.25/sh−779$14,996→ 4,886 total
  • Exercise/Conversion

    Option

    2013-11-25−3,590→ 0 total
    From: 2013-09-30Exp: 2015-09-29→ Common Stock (3,590 underlying)
  • Exercise/Conversion

    Warrant

    2013-11-25−30,000→ 0 total
    From: 2013-09-30Exp: 2014-09-29→ Common Stock (30,000 underlying)
  • Exercise/Conversion

    Common Stock

    2013-11-25$16.66/sh+30,000$499,800→ 30,970 total
  • Exercise/Conversion

    Common Stock

    2013-11-26$15.00/sh+1,000$15,000→ 5,665 total
  • Exercise/Conversion

    Common Stock

    2013-11-26$15.00/sh+125$1,875→ 5,011 total
  • Exercise/Conversion

    Warrant

    2013-11-26−125→ 0 total
    From: 2011-11-04Exp: 2014-03-14→ Common Stock (125 underlying)
  • Tax Payment

    Common Stock

    2013-11-25$19.00/sh−2,834$53,846→ 970 total
  • Tax Payment

    Common Stock

    2013-11-26$19.25/sh−97$1,867→ 4,914 total
Footnotes (10)
  • [F1]On September 30, 2010, the Reporting Person was granted Options to purchase 718,000 shares of the common stock of SecureAlert, Inc. (the "Issuer"), at an exercise price of $0.075 per share, pursuant to the s 2006 SecureAlert Equity Incentive Award Plan. On March 25, 2013, the Issuer effected a reverse stock split of its outstanding common stock at an exchange ratio of 1-for-200. As such, the number of shares underlying the options was reverse split to 3,590 shares, and the exercise price increased to $15.00 per share.
  • [F10]In August 2013, the Board of Directors of the Issuer adopted a resolution approving the "cashless" or net exercise of the warrants. The Reporting Person net exercised 125 warrants; the Issuer withheld 97 shares to pay the exercise price; and the Reporting Person received a net 28 shares of the Issuer's common stock.
  • [F2]The Option Agreement included provisions relating to a "cashless" or net exercise. The Reporting Person net exercised the full 3,590 options; the Issuer withheld 2,834 shares to pay the exercise price; and the Reporting Person received a net 756 shares of the Issuer's common stock.
  • [F3]The Options vested over a period of years, and were fully vested and fully exercisable as of September 30, 2013.
  • [F4]On September 30, 2011, the Reporting Person was granted Warrants to purchase 12,000,000 shares of the common stock of SecureAlert, Inc. (the "Issuer"), at an exercise price of $0.0833 per share. On March 25, 2013, the Issuer effected a reverse stock split of its outstanding common stock at an exchange ratio of 1-for-200. As such, the number of shares underlying the warrants was reverse split to 60,000 shares, and the exercise price increased to $16.66 per share. On May 16, 2012, the Reporting Person agreed to cancel unvested warrants to purchase an aggregate of 6,000,000 shares of the Issuer's common stock in exchange for the grant to the Reporting Person of 4,000,000 restricted shares of the Issuer's common stock.
  • [F5]The Form of Common Stock Purchase Warrant included provisions relating to a "cashless" or net exercise. The Reporting Person net exercised 30,000 warrants; the Issuer withheld 26,305 shares to pay the exercise price; and the Reporting Person received a net 3,695 shares of the Issuer's common stock.
  • [F6]The Warrants vested over a period of years, and were fully vested and fully exercisable as of September 30, 2013.
  • [F7]On January 16, 2009, the Reporting Person was granted Warrants to purchase 200,000 shares of the common stock of the Issuer. On March 25, 2013, the Issuer effected a reverse stock split of its outstanding common stock at an exchange ratio of 1-for-200. As such, the number of shares underlying the warrants was reverse split to 1,000 shares, and the exercise price increased to $15.00 per share.
  • [F8]In August 2013, the Board of Directors of the Issuer adopted a resolution approving the "cashless" or net exercise of the warrants. The Reporting Person net exercised 1,000 warrants; the Issuer withheld 779 shares to pay the exercise price; and the Reporting Person received a net 221 shares of the Issuer's common stock.
  • [F9]On March 15, 2009, the Reporting Person was granted Warrants to purchase 25,000 shares of the common stock of the Issuer. On March 25, 2013, the Issuer effected a reverse stock split of its outstanding common stock at an exchange ratio of 1-for-200. As such, the number of shares underlying the warrants was reverse split to 125 shares, and the exercise price increased to $15.00 per share.

Documents

1 file

Issuer

SecureAlert, Inc.

CIK 0001045942

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001045942

Filing Metadata

Form type
4
Filed
Nov 26, 7:00 PM ET
Accepted
Nov 27, 1:55 PM ET
Size
27.0 KB
View on SEC.gov