BioSolar Inc 4
4 · BioSolar Inc · Filed Dec 21, 2016
Insider Transaction Report
Form 4
BioSolar IncBSRC
LEE DAVID DONGHIE
DirectorCEO, Acting CFO
Transactions
- Other
Common Stock
2016-12-19+1,316,235→ 4,769,290 total - Other
Convertible Note
2016-12-19−1,316,235→ 0 totalFrom: 2014-12-18Exp: 2016-12-18→ Common Stock (1,316,235 underlying)
Footnotes (1)
- [F1]Common Stock was issued to Reporting Person upon the conversion of a convertible promissory note (the "Promissory Note") granted to the Reporting Person by the Issuer pursuant to a Convertible Note Agreement dated December 18, 2014, which was issued directly to Reporting Person by the Issuer in satisfaction of unpaid salary. The balance of the Promissory Note was convertible into shares of the Issuer's common stock at a conversion price equal to the lesser of (i) $0.101 per share, or (ii) the closing prices of the Issuer's common stock on the last complete trading day immediately preceding the date of conversion. The original balance of the Promissory Note was $67,000. There is no longer a balance on this Promissory Note.