4//SEC Filing
Garfield Jon 4
Accession 0001209191-07-056334
CIK 0001238579other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 8:29 PM ET
Size
5.8 KB
Accession
0001209191-07-056334
Insider Transaction Report
Form 4
CLEARANT INCCLRA
Garfield Jon
Chief Financial Officer
Transactions
- Other
Common stock
2007-08-23$0.01/sh+571,428$2,857→ 714,286 total
Footnotes (1)
- [F1]The stock purchase agreement between the Company and the reporting person, pursuant to which the reporting person purchased shares at $0.025, provided the reporting person with full ratchet antidilution protection for subsequent sales of common stock at a price lower than that paid by the reporting person. The antidilution provision was triggered by a subsequent sale of common stock on August 3, 2007 at a price of $0.005. As a result, the reporting person's investments were re-valued and the reporting person was issued that number of additional shares, which when added to the originally purchased shares reflect a purchase price of $0.005 per share.
Documents
Issuer
CLEARANT INC
CIK 0001238579
Entity typeother
Related Parties
1- filerCIK 0001336751
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 8:29 PM ET
- Size
- 5.8 KB