WORKSTREAM INC 3
3 · WORKSTREAM INC · Filed Jul 19, 2011
Insider Transaction Report
Form 3
WORKSTREAM INCWSTMF
Holdings
Class A, Series B Convertible Preferred Shares
Exercise: $3.00→ Common Stock (333,333 underlying)
Footnotes (1)
- [F1]The Class A, Series B Convertible Preferred Shares are convertible at any time, at the holder's election, and has no expiration date. The Class A, Series B Convertible Preferred Shares will automatically convert into shares of common stock of the Issuer on the 180th day that the closing price of the shares of common stock equals or is greater than three times the conversion price for such entire 180 day period.