4//SEC Filing
SecureAlert, Inc. 4
Accession 0001179110-14-003965
$TRCKCIK 0001045942operating
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 5:03 PM ET
Size
9.3 KB
Accession
0001179110-14-003965
Insider Transaction Report
Form 4
Olsen Chad
Chief Financial Officer, Sec.
Transactions
- Sale
Common Stock
2014-02-26$19.00/sh−5,152$97,888→ 0 total - Award
Common Stock
2014-02-26+10,901→ 10,901 total - Disposition to Issuer
Series D Convertible Preferred Stock
2014-02-26−134→ 10 total→ Common Stock
Footnotes (2)
- [F1]As disclosed in issuer's most recent Annual Report on Form 10-K, issuer and the Reporting Person entered into a letter agreement dated November 13, 2013 ("Letter Agreement") pursuant to which issuer agreed to redeem shares of Series D Convertible Preferred Stock held by the Reporting Person in one or more transactions for the number of shares of issuer's Common Stock equal to the product of 155% of the Reporting Person's original investment in the redeemed Series D Convertible Preferred Stock divided by the current trading price per share of the Common Stock at the time of redemption. The trading price per share of the Common Stock at the time of the reported redemption was $19.10. Thus, although the 134 shares of Series D Convertible Preferred Stock were originally convertible into 4,020 shares of Common Stock, pursuant to the terms of the Letter Agreement, such shares of Series D Convertible Preferred Stock were redeemed for 10,901 shares of Common Stock.
- [F2]The Series D Convertible Preferred Stock were originally convertible beginning on April 13, 2010, and had no expiration date; however, under the terms of the Letter Agreement, all of the Series D Convertible Preferred Stock held by the Reporting Person must be redeemed before the issuer's next annual meeting.
Documents
Issuer
SecureAlert, Inc.
CIK 0001045942
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001045942
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 5:03 PM ET
- Size
- 9.3 KB