4//SEC Filing
Kinsey E Wayne 4
Accession 0001213900-12-001431
CIK 0001084031other
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 6:08 PM ET
Size
14.8 KB
Accession
0001213900-12-001431
Insider Transaction Report
Form 4
Kinsey E Wayne
Director
Transactions
- Other
Common Stock, par value $.001 per share
2011-01-21−35,000,000→ 0 total(indirect: By Benchmark Performance Group) - Other
Common Stock, par value $.001 per share
2011-01-21+35,000,000→ 35,017,500 total - Purchase
8% Convertible Secured Promissory Note
2011-07-07$150000.00/shExercise: $0.10Exp: 2014-07-07→ Common Stock, $.001 par value - Purchase
8% Convertible Secured Promissory Note
2011-09-23$400000.00/shExercise: $0.10Exp: 2014-05-23→ Common Stock, $.001 par value - Purchase
Option (Right to Buy)
2012-03-27+154,820→ 154,820 totalExercise: $0.10Exp: 2007-03-21→ Common Stock, $.001 par value (154,820 underlying)
Footnotes (4)
- [F1]On January 21, 2011, Benchmark Performance Group, Inc. ("Benchmark") distributed 35,000,000 shares of Integrated Environmental Technologies, Ltd.'s ("IET") common stock to Mr. Kinsey. Mr. Kinsey is the former President and Chief Executive Officer of Benchmark. As a result of this distribution, Benchmark did not hold any shares of IET common stock.
- [F2]The entire principal amount ($150,000) of the 8% Convertible Secured Promissory Note (the "$150,000 Note") is convertible into shares of common stock at a conversion price of $.10 per share, subject to adjustment. Interest accrued under the $150,000 Note is payable in annual installments beginning July 7, 2012 and may be paid in cash or in shares of common stock. In the event that interest is paid in shares of common stock, the conversion price shall be the Market Price of the common stock as defined in the $150,000 Note.
- [F3]The entire principal amount ($400,000) of the 8% Convertible Secured Promissory Note (the "$400,000 Note") is convertible into shares of common stock at a conversion price of $.10 per share, subject to adjustment. Interest accrued under the $400,000 Note may be paid in cash or in shares of common stock (i) at the option of IET prior to the first anniversary of the issuance of the $400,000 Note, and (ii) at the option of Mr. Kinsey thereafter. In the event that interest is paid in shares of common stock, the conversion price shall be the Market Price of the common stock as defined in the $400,000 Note.
- [F4]77,410 shares of common stock vest on each of December 31, 2012 and 2013.
Documents
Issuer
INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD.
CIK 0001084031
Entity typeother
Related Parties
1- filerCIK 0001405115
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 6:08 PM ET
- Size
- 14.8 KB