Quigley Peter 4
4 · X-Factor Communications Holdings, Inc. · Filed May 17, 2012
Insider Transaction Report
Form 4
Quigley Peter
Other
Transactions
- Disposition to Issuer
Warrant
2012-05-15−338,983→ 338,983 totalExercise: $6.00From: 2010-12-30Exp: 2015-11-19→ Common Stock (338,983 underlying) - Disposition to Issuer
Warrant
2012-05-15−338,983→ 677,966 totalExercise: $5.00From: 2010-12-30Exp: 2015-11-19→ Common Stock (338,983 underlying) - Disposition to Issuer
Warrant
2012-05-15−338,983→ 0 totalExercise: $7.00From: 2010-12-30Exp: 2015-11-19→ Common Stock (338,983 underlying) - Other
Common Stock, par value $0.0001 per share ("Common Stock")
2012-05-15−3,389,830→ 355,932 total - Disposition to Issuer
Warrant
2012-05-15−338,984→ 1,355,932 totalExercise: $3.00From: 2010-12-30Exp: 2015-11-19→ Common Stock (338,984 underlying) - Disposition to Issuer
Warrant
2012-05-15−338,983→ 1,016,949 totalExercise: $4.00From: 2010-12-30Exp: 2015-11-19→ Common Stock (338,983 underlying) - Other
Common Stock
2012-05-15+497,486→ 853,418 total
Footnotes (2)
- [F1]On May 15, 2012, X-Factor Communications Holdings, Inc. (the "Company") completed a reverse merger transaction (the "Merger") with X-Factor Communications LLC ("X-Factor"). In order to induce X-Factor to consummate the Merger, for non-cash consideration, the Reporting Person agreed to cancel an aggregate of 3,389,830 shares of common stock of the Company and warrants to purchase an aggregate of 1,694,916 shares of common stock of the Company owned by the Reporting Person.
- [F2]Pursuant to the terms of the Merger, as a result (1) the exchange of outstanding preferred membership units of X-Factor owned by the Reporting Person for Company common stock and (2) the conversion of promissory notes in an aggregate principal amount of $125,000, the Reporting Person acquired an aggregate of 497,486 shares of common stock of the Company.