Armstrong Bob 4
4 · DC BRANDS INTERNATIONAL INC · Filed Apr 30, 2013
Insider Transaction Report
Form 4
Armstrong Bob
Chief Financial Officer
Transactions
- Purchase
Common Stock
2013-04-30$0.00/sh+100,000,000$50,000→ 100,000,000 total - Purchase
Convertible Debt
2013-04-30$50000.00/sh→ 1 totalExercise: $50000.00From: 2014-04-29Exp: 2014-04-29→ Common Stock (100,000,000 underlying)
Holdings
- 24
Common Stock
- 91,111
Series A Preferred Stock
Footnotes (1)
- [F1]Convertible debt was purchased by Mr. Armstrong from an existing convertible debt holder of DC Brands. The purchase price was $100,000 and was paid with a one year non-recourse promissory note. The debt is convertible into 200,000,000 shares of $.001 par value common stock of DC Brands international. The promissory note is secured by the debt purchased and/or the common stock of DC Brands that the debt is converted into. On April 30, 2013 1/2 of the debt was converted by Mr. Armstrong providing him the 100,000,000 shares detailed in Table I. This leaves $50,000 of debt that can be converted into an additional 100,000,000 shares of common stock anytime in the next twelve months, detailed in Table II.