Lu C. Mike 4
4 · Lifevantage Corp · Filed Feb 8, 2010
Insider Transaction Report
Form 4
Lifevantage CorpLFVN
Lu C. Mike
Director
Transactions
- Other
8% Convertible Debenture
2010-02-04Exercise: $0.20From: 2010-02-04→ Common Stock (2,497,500 underlying) - Other
Warrant (Right to Buy)
2010-02-04+1,250,000→ 1,250,000 totalExercise: $0.50From: 2010-02-04Exp: 2015-02-04→ Common Stock (1,250,000 underlying)
Footnotes (3)
- [F1]Received in exchange for cancellation of promissory note in principal amount of $500,000.
- [F2]The 8% Convertible Debenture is convertible at any time by the holder into shares of common stock at a conversion price equal to $0.20 per share, subject to adjustment, and expires upon repayment and has a maturity date of February 4, 2012.
- [F3]The expiration date is the earlier of February 4, 2015 or (a) a merger or consolidation where the issuer is not the surviving corporation or a reverse triangular merger where the issuer's capital stock is converted into other property by virtue of the merger or (b) a sale of all or substantially all of the assets of the issuer, where the stockholders of the issuer immediately prior to such event do not retain at least 50% of the voting power of the acquiring or surviving entity immediately after the acquisition or sale.