Moretti John M 4
4 · DAYSTAR TECHNOLOGIES INC · Filed Jul 21, 2011
Insider Transaction Report
Form 4
Moretti John M
10% Owner
Transactions
- Purchase
Warrant
2011-07-19$0.52/sh+288,462$150,000→ 288,462 totalExercise: $0.52From: 2011-07-19Exp: 2013-07-18→ Common Stock (288,462 underlying) - Purchase
Convertible Note
2011-07-19$0.52/sh+288,462$150,000→ 288,462 totalExercise: $0.52From: 2011-07-19Exp: 2012-01-19→ Common Stock (288,462 underlying)
Footnotes (1)
- [F1]On July 19, 2011, Mr. Moretti entered into a Purchase Agreement, pursuant to which he agreed to loan the Company money (the "Loan") for working capital purposes. In connection with the Loan, the Company issued Mr. Moretti a secured promissory note (the "Note") and a warrant to purchase shares of the Company's common stock. The exercise price on the Warrant is $0.52 per share. The Note is convertible into shares of common stock based on an original conversion price of $0.52 per share.