4//SEC Filing
Geenen Fir 4
Accession 0001181431-12-049640
CIK 0000932372other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 4:51 PM ET
Size
6.4 KB
Accession
0001181431-12-049640
Insider Transaction Report
Form 4
Spy Inc.XSPY
Geenen Fir
Director
Transactions
- Purchase
Convertible Promissory Note Due
2012-09-06$1000000.00/sh+1,000,000$1,000,000,000,000→ 714,285 total(indirect: By LLC)Exercise: $1.40From: 2012-09-06Exp: 2014-04-01→ Common Stock (714,285 underlying)
Footnotes (1)
- [F1]On September 6, 2012, the issuer's subsidiary, Spy Optic Inc., issued a $1,000,000 promissory note due April 1, 2014 to Harlingwood (Alpha), LLC, the terms of which include a conversion right whereby Harlingwood (Alpha), LLC may convert all or a portion of the principal on the convertible promissory note into common stock of the issuer at a conversion price of $1.40 per share. The convertible promissory note accrues interest at the rate of 12% per annum, which will convert to principal on the promissory note on the last day of each calendar month in arrears. Such capitalized amounts will then become convertible into common stock of the issuer. The promissory note is convertible until it is fully paid. If no principal or interest is prepaid during the term of the promissory note, the promissory note will be convertible into a total of 860,992 shares of the issuer's common stock on the date the promissory note matures on April 1, 2014.
Documents
Issuer
Spy Inc.
CIK 0000932372
Entity typeother
Related Parties
1- filerCIK 0001522905
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 4:51 PM ET
- Size
- 6.4 KB