XRpro Sciences, Inc. 4
4 · XRpro Sciences, Inc. · Filed Feb 3, 2015
Insider Transaction Report
Form 4
KABATZNIK CLIVE
Director
Transactions
- Other
Warrant
2015-01-31−30,000→ 0 totalExercise: $3.00From: 2013-04-30Exp: 2015-04-30→ Common Stock (30,000 underlying)
Footnotes (1)
- [F1]On January 31, 2015, Mr. Kabatznik exchanged 30,000 existing warrants that had an exercise price of $3.00 per share that he acquired in the Company's 2013 bridge financing private placement for 30,000 replacement warrants that have an exercise price of $2.10 per share. The replacement warrants do not contain anti-dilution price protection for issuances of securities at per share prices that are lower than the exercise price, are assignable by their holders and provide for certain buy-in-rights in the event that the Company fails to deliver shares of common stock underlying the warrant in a timely manner.