Lindell Peter 4
4 · Neonode Inc. · Filed Aug 10, 2020
Insider Transaction Report
Form 4
Neonode Inc.NEON
Lindell Peter
10% Owner
Transactions
- Purchase
Series C-2 5% Convertible Preferred Stock
2020-08-07$1000.00/sh+1,716.728$1,716,728→ 1,716.728 total(indirect: Through Cidro Forvaltning AB, an entity owned by Mr. Lindell)→ Common Stock (264,112 underlying)
Holdings
- 1,534,920(indirect: Through Cidro Forvaltning AB, an entity owned by Mr. Lindell)
Common Stock
Footnotes (1)
- [F1]On August 5, 2020, the Issuer entered into a Securities Purchase Agreement with certain institutional and accredited investors (the "Private Placement"). The Private Placement included Series C-2 5% Convertible Preferred Stock (the "Series C-2 Preferred Stock") with a stated value of $1,000 per share. Each share of Series C-2 Preferred Stock will automatically convert into 1,000 shares of the Issuer's Common Stock, based upon a conversion price of $6.50 per share, upon shareholder approvals with respect to the Private Placement, including the issuance to the Reporting Person. The Series C-2 Preferred Stock does not have an expiration date. The shares of Common Stock and Series C-2 Preferred Stock reported herein were acquired by the Reporting Person from the Issuer pursuant to the Private Placement and approved by the Board of Directors, including non-employee directors, of the Issuer.