Belhe Kedar Ravindra 4
4 · Digitiliti Inc · Filed Aug 9, 2010
Insider Transaction Report
Form 4
Digitiliti IncDIGI.PK
Belhe Kedar Ravindra
Director
Transactions
- Other
Series A Convertible Preferred Stock
2010-07-15$1.00/sh+25,000$25,000→ 25,000 total
Footnotes (1)
- [F1]The shares of Series A Convertible Preferred Stock were issued upon conversion of a secured note in the aggregate amount of $25,000, based on $1.00 per share. The conversion was part of the private placement conducted by the Company to implement a note conversion and warrant exercise restructuring program as disclosed in the Current Reports on Form 8-K filed with the SEC on July 7, 2010 and July 20, 2010. Each share of Series A Convertible Preferred Stock is convertible, at any time, into 5 shares of common stock, par value $0.001.