4//SEC Filing
Strauss Andrew R. 4
Accession 0001209191-11-050409
CIK 0001391798other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 6:02 PM ET
Size
8.0 KB
Accession
0001209191-11-050409
Insider Transaction Report
Form 4
Strauss Andrew R.
Chief Technical Officer
Transactions
- Other
Common Stock
2011-10-03+500,000→ 500,000 total - Award
Common Stock Purchase Warrant (Right to Buy)
2011-10-03+50,000→ 50,000 totalFrom: 2011-10-03Exp: 2013-10-03→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Received in exchange for membership interests of I Like A Deal, LLC, a Nevada limited liability company ("ILAD"), in connection with the acquisition of ILAD's outstanding membership interests by the Issuer through a voluntary exchange with the members of ILAD (the "Selling Members"), pursuant to a Membership Interests Purchase Agreement (the "Agreement"), by and among the Issuer, on the one hand, and ILAD and the Selling Members, on the other hand.
- [F2]The exercise price of the Warrant is as follows: (i) during the period from the Commencement Date of October 3, 2011 through the date one year after the Commencement Date (the "Anniversary Date"), a price per warrant share equal to 60% of the closing price of the Issuer's Common Stock as reported on Nasdaq on October 3, 2011 ("Closing Market Price") and (ii) during the period beginning with the day following the Anniversary Date through the Termination Date of October 3, 2013, a price per warrant share equal to the Closing Market Price, in each case as adjusted from time to time for any stock dividends, combinations, splits, recapitalizations, etc.
Documents
Issuer
Marine Drive Mobile Corp.
CIK 0001391798
Entity typeother
Related Parties
1- filerCIK 0001529758
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 6:02 PM ET
- Size
- 8.0 KB