4//SEC Filing
Kinsey E Wayne 4
Accession 0001213900-12-004905
CIK 0001084031other
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 5:15 PM ET
Size
16.1 KB
Accession
0001213900-12-004905
Insider Transaction Report
Form 4
Kinsey E Wayne
Director
Transactions
- Purchase
Common Stock, par value $.001 per share
2012-08-17+6,250,000→ 47,442,128 total - Purchase
Warrant (Right to Buy)
2012-08-17+3,125,000→ 3,125,000 totalExercise: $0.20From: 2012-08-17Exp: 2015-08-17→ Common Stock, $.001 par value (3,125,000 underlying) - Conversion
8% Convertible Debenture
2012-08-17→ 0 totalExercise: $0.10Exp: 2014-07-07→ Common Stock, $.001 par value - Conversion
8% Convertible Secured Promissory Note
2012-08-17→ 0 totalExercise: $0.10Exp: 2014-09-23→ Common Stock, $.001 par value - Conversion
Common Stock, par value $.001 per share
2012-08-17+1,693,895→ 36,711,395 total - Conversion
Common Stock, par value $.001 per share
2012-08-17+4,480,733→ 41,192,128 total
Footnotes (4)
- [F1]Mr. Kinsey elected to convert the entire principal amount ($150,000) of the 8% convertible debenture issued to him on July 7, 2011 (the "Convertible Debenture") into 1,500,000 shares of common stock at a conversion price of $0.10 per share, pursuant to the terms of the Convertible Debenture. In addition, the Company issued 193,895 shares of common stock (171,429 shares at $0.07 per share and 22,466 shares at $0.06 per share) to Mr. Kinsey as payment of $13,348 of accrued interest due on the Convertible Debenture, pursuant to the terms of the Convertible Debenture.
- [F2]Mr. Kinsey elected to convert the entire principal amount ($400,000) of the 8% secured promissory note issued to him on September 23, 2011 (the "Secured Note") into 4,000,000 shares of common stock at a conversion price of $0.10 per share, pursuant to the terms of the Secured Note. In addition, the Company issued 480,733 shares of common stock ($0.06 per share) to Mr. Kinsey as payment of $28,844 of accrued interest due on the Secured Note, pursuant to the terms of the Secured Note.
- [F3]Mr. Kinsey purchased common stock units that in aggregate consisted of 6,250,000 shares of common stock and a warrant to purchase 3,125,000 shares of common stock for an aggregate purchase price of $500,000. The warrant has a three year term, is exercisable at $0.20 per share and was fully vested at the date of issuance.
- [F4]Each of the Convertible Debenture and the Secured Note was convertible at any time after issuance to Mr. Kinsey on July 7, 2011 and September 23, 2011, respectively.
Documents
Issuer
INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD.
CIK 0001084031
Entity typeother
Related Parties
1- filerCIK 0001405115
Filing Metadata
- Form type
- 4
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 5:15 PM ET
- Size
- 16.1 KB