Vape Holdings, Inc. 4
4 · Vape Holdings, Inc. · Filed Dec 14, 2015
Insider Transaction Report
Form 4
Tracey Kyle J
DirectorChief Executive Officer10% Owner
Transactions
- Award
Series B Preferred Stock Convertible Promissory Note
2015-12-10$300000.00/sh+30,000,000$9,000,000,000,000→ 30,500,000 total(indirect: See Footnote)Exercise: $0.01From: 2015-12-10Exp: 2016-12-10→ Series B Preferred Stock (30,000,000 underlying)
Footnotes (1)
- [F1]On December 10, 2015, Vape Holdings, Inc. (the "Company") issued a Secured Series B Preferred Stock Convertible Promissory Note and a Amended and Restated Secured Series B Preferred Stock Convertible Promissory Note to HIVE Ceramics, LLC ("HIVE") in the aggregate amount of $300,000 (the "Notes") which consisted of $50,000 in new capital and the restructuring and replacement of an existing $250,000 debt owed to HIVE. Mr. Tracey is the sole managing member of HIVE with sole voting and dispositive power. The Notes convert into Series B Preferred Stock at a price of $0.01. The Series B Preferred Stock has 5 votes for every 1 vote of common stock and is convertible into 1 share of common stock of the Company for every 1 share of Series B Preferred Stock. The Notes are convertible at any time at Mr. Tracey's option.