Weiss Robert E 5
5 · DAYSTAR TECHNOLOGIES INC · Filed Feb 14, 2011
Insider Transaction Report
Form 5
Weiss Robert E
Chief Technology Officer
Transactions
- Purchase
Convertible Promissory Note
2010-07-22$50000.00/sh+55,556$2,777,800,000→ 55,556 totalExercise: $0.90From: 2011-01-22→ Common Stock (55,556 underlying) - Purchase
Warrant
2010-07-22$1.25/sh+55,556$69,445→ 55,556 totalExercise: $1.25From: 2011-01-22Exp: 2015-07-21→ Common Stock (55,556 underlying)
Footnotes (2)
- [F1]On July 22, 2010, Mr. Weiss and the Company entered into a Purchase Agreement, under which Mr. Weiss agreed to loan the Company money (the "Loan") to fund ongoing research and development and related business operations. In connection with the Loan, the Company issued Mr. Weiss a secured convertible promissory note in the principal amount of $50,000 and a warrant to purchase shares of the Company's common stock. On January 14, 2011, Mr. Weiss and the Company entered into an amendment to extend the Note's maturity date to April 22, 2011.
- [F2]This note has no expiration date and may be converted at any time prior to payment.