Lamadrid David 4
4 · CLS Holdings USA, Inc. · Filed Feb 26, 2018
Insider Transaction Report
Form 4
Lamadrid David
President and CFO
Transactions
- Other
Convertible Promissory Note
2018-02-20$31250.00/sh→ 100,000 totalExercise: $0.31From: 2018-02-20→ Common Stock (100,000 underlying) - Purchase
Common Stock Purchase Warrant
2018-02-20+25,000→ 25,000 totalExercise: $0.75Exp: 2021-02-20→ Common Stock (25,000 underlying)
Holdings
- 1,000,000
Common Stock
Footnotes (3)
- [F1]This Note bears interest at the rate of 8% per annum. At the election of the Reporting Person, all principal and accrued interest under the Note may be converted into the Issuer's common stock. For each $0.3125 converted, the Reporting Person will receive one share of common stock.
- [F2]The Note is convertible, at the election of the Reporting Person, at any time prior to payment or prepayment in full and matures 18 months following the date of issuance.
- [F3]This warrant is exercisable commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the three-year anniversary thereof.