Mangum Michelle (Mitsy) Y. 4

4 · Vystar Corp · Filed Sep 16, 2011

Form 4

Period: 2011-09-14

Director

Transactions

Award
Warrant to Purchase Common Stock
2011-09-14+800,000→ 800,000 total
Exercise: $0.27Exp: 2021-04-29→ Common Stock, par value $0.0001 (800,000 underlying)
Disposition to Issuer
Warrant to Purchase Common Stock
2011-09-14−800,000→ 0 total
Exercise: $0.45Exp: 2021-04-29→ Common Stock, par value $0.0001 (800,000 underlying)
Award
Warrant to Purchase CommonStock
2011-09-14+200,000→ 200,000 total
Exercise: $0.27Exp: 2021-09-14→ Common Stock, par value $0.0001 (200,000 underlying)

Footnotes (3)

[F1]The reported transactions involved an amendment of the exercise price of an outstanding warrant, resulting in the deemed cancellation of the "old" warrant and the grant of a replacement warrant.
[F2]160,000 of the shares issuable upon exercise of the warrant vested and became exercisable on the date of grant. The remaining shares issuable upon exercise of the warrant shall vest and become exercisable in increments of 80,000 shares for each loan advance made by an affiliate of the Reporting Person to the Issuer in the principal amount of $100,000, pursuant to a Promissory Grid Note issued by the Issuer.
[F3]40,000 of the shares issuable upon exercise of the warrant vested and became exercisable on the date of grant. The remaining shares issuable upon exercise of the warrant shall vest and become exercisable in increments of 20,000 shares for each loan advance made by an affiliate of the Reporting Person to the Issuer in the principal amount of $100,000, pursuant to a Promissory Grid Note issued by the Issuer.

Documents

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