BINDER JEFFREY I 4
4 · CLS Holdings USA, Inc. · Filed Apr 10, 2018
Insider Transaction Report
Form 4
BINDER JEFFREY I
DirectorChairman, President and CEO10% Owner
Transactions
- Other
Convertible Promissory Note
2018-04-06$37500.00/sh→ 120,000 totalExercise: $0.31From: 2018-04-06→ Common Stock (120,000 underlying)
Holdings
- 8,473,527
Common Stock
Footnotes (3)
- [F1]This Note bears interest at the rate of 10% 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 on April 1, 2021.
- [F3]Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock.