Schoengood Bruce 4
4 · Medifirst Solutions, Inc. · Filed Mar 8, 2019
Insider Transaction Report
Form 4
Schoengood Bruce
DirectorPresident & CEO10% Owner
Transactions
- Award
Series C Preferred Stock
2019-03-08+60→ 60 totalExercise: $0.00From: 2019-03-08→ Common Stock (1,500,000 underlying)
Footnotes (3)
- [F1]Each share of Series C Convertible Preferred Stock ("Series C Preferred") is, subject to a beneficial ownership limitation equal to 4.99%, convertible into 25,000 shares of the Issuer's common stock ("Common Stock"). Holders of Series C Preferred are not entitled to receive dividends. In the event of any liquidation, dissolution or winding up of the Issuer, holders of Series C Preferred are entitled to distributions from the assets in an amount equal to, or if less, on a prorated basis, the $100 stated value per share of Series C Preferred held by such holders. Holders of Series C Preferred are entitled to vote, on an as-converted basis, together with holders of Common Stock on all actions to be taken by the shareholders of the Issuer.
- [F2]The price of Series C Preferred was not determined for this transaction as the reported acquisition was an initial issuance granted by the Issuer's Board of Directors.
- [F3]Neither the Series C Preferred or its conversion feature have expiration dates.