Zdarsky Constantin 4
4 · ANTS SOFTWARE INC · Filed Oct 24, 2011
Insider Transaction Report
Form 4
ANTS SOFTWARE INCANTS.OB
Zdarsky Constantin
10% Owner
Transactions
- Award
Common stock purchase warrants
2011-10-03$0.12/sh+3,400,000$408,000→ 3,400,000 totalExercise: $0.12From: 2013-10-03Exp: 2012-09-26→ Common Stock (3,400,000 underlying) - Award
Convertible Promissory Note
2011-10-03$0.10/sh+3,400,000$340,000→ 3,400,000 totalExercise: $0.10From: 2011-10-03Exp: 2013-09-26→ Common Stock (3,400,000 underlying)
Footnotes (2)
- [F1]On October 3, 2011, Mr. Zdarsky purchased a convertible promissory note in the principal amount of $340,000 from the Company at a price of $340,000. The note is convertible into 3,400,000 shares of common stock based on a conversion price of $.10 per share.
- [F2]On October 3, 2011, the Company issued to Mr. Zdarsky common stock purchase warrants that entitle him to purchase 3,400,000 shares of common stock at a price of $0.12 per share at any time prior to September 26, 2013.