4//SEC Filing
WATTERS STEPHEN M 4
Accession 0001181431-11-019395
CIK 0001163332other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 10:27 AM ET
Size
7.8 KB
Accession
0001181431-11-019395
Insider Transaction Report
Form 4
WATTERS STEPHEN M
DirectorCEO, CFO10% Owner
Transactions
- Other
Right to Convert into Common Stock
2011-02-02+44,474,937→ 44,474,937 totalExercise: $0.00From: 2011-02-02→ Common Stock (50,000 underlying)
Holdings
- 17,019,837
COMMON STOCK
- 2,142,443(indirect: See Footnote)
COMMON STOCK
Footnotes (4)
- [F1]Of the non-derivative shares directly owned, 462,733 were received pursuant to conversion of preferred stock, 54,766 shares were received pursuant to dividend distribution from Dynamic Health Products, Inc., 500,000 shares were received pursuant to conversion of $100,000 note from Issuer, 234,857 were received in exchange for outstanding options and warrants, 13,012,800 were received in lieu of payment of $65,064 owed to the Reporting Person.
- [F2]Of the non-derivative shares indirectly owned, 1,913,868 shares are owned by SMW Capital Group Limited Partnership, a company owned and controlled by the Reporting Person. Also includes 228,575 shares owned by Kristen Watters, the Reporting Person's wife. The Reporting Person exercises no investment or voting power and disclaims beneficial ownership of the shares registered in the name of his wife.
- [F3]On February 2, 2011, the Issuer and the Reporting Person entered into a Note Amendment and Waiver Agreement whereby the Reporting Person acquired the right to convert a $25,000 promissory note and $25,000 of other outstanding obligations of the Issuer into 44,474,996 shares of Common Stock.
- [F4]The Note Amendment and Waiver Agreement granted the right to convert to the Reporting Person without placing an expiration date on the right to convert.
Documents
Issuer
VERTICAL HEALTH SOLUTIONS INC
CIK 0001163332
Entity typeother
Related Parties
1- filerCIK 0001108326
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 10:27 AM ET
- Size
- 7.8 KB