Ray Sharon Kay 4

4 · COMPREHENSIVE CARE CORP · Filed Jan 6, 2012

Form 4

Period: 2012-01-04

Director

Transactions

Award
Series D Convertible Preferred Stock
2012-01-04+25→ 25 total
From: 2022-01-04→ Common Stock (2,500,000 underlying)
Disposition to Issuer
Warrant to purchase Series D Convertible Preferred Stock
2012-01-04$25000.00/sh−3$75,000→ 0 total
Exercise: $25000.00From: 2009-03-31Exp: 2012-03-31→ Series D Convertible Preferred Stock (3 underlying)

Footnotes (1)

[F1]On December 29, 2011 the Board of Directors approved a restricted stock grant of the Series D Convertible Preferred Stock ("Series D Stock"), which was granted to the Reporting Person on January 4, 2012. As a condition of the grant, the Reporting Person surrendered for cancellation all warrants for the purchase of shares of Series D Stock held by the Reporting Person. The restricted shares of Series D Stock will vest on the 10th anniversary of the grant date. The restricted shares will, however, have the voting, dividend, liquidation and other rights of a share of Series D Stock effective from the date of grant. After the 10th anniversary of the grant date, each share of Series D Stock may be converted into 100,000 shares of the Issuer's Common Stock. Shares of Series D Stock have no expiration date.

Documents

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