HEALTH SYSTEMS SOLUTIONS INC 4
4 · HEALTH SYSTEMS SOLUTIONS INC · Filed Sep 12, 2008
Insider Transaction Report
Form 4
HEALTH SYSTEMS SOLUTIONS INCHSSO.OB
STANFORD INTERNATIONAL BANK LTD
10% Owner
Transactions
- Purchase
Warrants to Purchase Common Stock
2008-09-11$0.00/sh+208,334$208→ 208,334 totalExercise: $0.00From: 2008-09-11Exp: 2013-09-11→ Common Stock (208,334 underlying)
Holdings
- 5,396,589
Common Stock
- 1,425,000
Series D Convertible Preferred Stock
- 4,625,000
Series C Convertible Preferred Stock
- 625,000
Debenture Warrants to purchase common stock
Exercise: $1.00From: 2007-08-17Exp: 2012-08-17→ Common Stock (625,000 underlying)
Footnotes (4)
- [F1]Each share of Series C Convertible Preferred Stock is convertible into one-half share of the Company's common stock and is entitled to one-half vote per share.
- [F2]Each share of Series D Convertible Preferred Stock is convertible into one-half share of the Company's common stock and is entitled to one-half vote per share.
- [F3]Pursuant to a Preferred Stock Purchase Agreement, dated September 11, 2008, between the Company and Stanford International Bank Ltd. "(SIBL") SIBL was granted five-year Warrants to purchase 208,334 shares of the Issuer's common stock. The exercise price for the Warrants is $.001 per share of common stock.
- [F4]Pursuant to a Preferred Stock Purchase Agreement, dated September 11, 2008, between the Company and SIBL, SIBL was granted five-year Warrants to purchase 208,334 shares of the Issuer's common stock. The exercise price for the Warrants is $4.00 per share of common stock.