4//SEC Filing
Moretti John M 4
Accession 0001181431-12-025376
CIK 0001262200other
Filed
Apr 23, 8:00 PM ET
Accepted
Apr 24, 6:49 PM ET
Size
6.7 KB
Accession
0001181431-12-025376
Insider Transaction Report
Form 4
Moretti John M
10% Owner
Transactions
- Sale
Call option (obligation to sell)
2012-04-19−1→ 1 totalExercise: $0.00From: 2013-02-18Exp: 2017-04-19→ Common Stock (780,746 underlying)
Footnotes (5)
- [F1]The reporting person entered into a call option with respect to certain convertible notes of DayStar Technologies, Inc. (the "Company") owned by the reporting person. Such option may only be exercised by the buyer with 61 days prior written notice, and the closing may only occur on a date on or after April 19, 2013. In the event the reporting person converts all or a part of the convertible note into common stock of the Company, the reporting person is obligated to sell the shares of common stock he receives if he has not otherwise sold such shares at the time of exercise.
- [F2]The maximum exercise price for any convertible note being purchased will be the amount of outstanding principal plus accrued but unpaid interest. In the event the reporting person converts the convertible note into common stock of the Company, and the buyer of the call option elects to exercise the call with respect to such shares, then the amount of interest that would have accrued on the convertible notes had they not been converted shall be added to the exercise price.
- [F3]Represents the number of shares of common stock into which the principal amount of the note is convertible as of the date hereof.
- [F4]No premium was, or will be, paid in connection with this call option.
- [F5]The reported transaction may be deemed a sale of the common stock underlying the convertible note and is therefore matchable under Section 16(b) with the reporting person's deemed acquisition of common stock on January 25, 2012, with any profit recoverable by the Company.
Documents
Issuer
DAYSTAR TECHNOLOGIES INC
CIK 0001262200
Entity typeother
Related Parties
1- filerCIK 0001511995
Filing Metadata
- Form type
- 4
- Filed
- Apr 23, 8:00 PM ET
- Accepted
- Apr 24, 6:49 PM ET
- Size
- 6.7 KB