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4//SEC Filing

STERN THEODORE 4

Accession 0001213900-20-004135

CIK 0001534154other
View on SEC.govCompany Profile

Filed

Feb 17, 7:00 PM ET

Accepted

Feb 18, 4:18 PM ET

Size

13.1 KB

Accession

0001213900-20-004135

Insider Transaction Report

Form 4
Period: 2020-02-14
Ipsidy Inc.IDTY
STERN THEODORE
Director
Transactions
  • Purchase

    15% Convertible Note

    2020-02-14$0.20/sh+375,000$75,000→ 375,000 total
    Exercise: $0.20From: 2020-02-14Exp: 2022-02-28→ Common Stock, $0.0001 par value per share (375,000 underlying)
  • Purchase

    Amended and Restated Promissory Notes

    2020-02-14$0.20/sh+15,000,000$3,000,000→ 15,000,000 total(indirect: See footnote)
    Exercise: $0.20From: 2020-02-14Exp: 2022-02-28→ Common Stock, $0.0001 par value per share (15,000,000 underlying)
Holdings

  • Common Stock, $0.0001 par value per share

    (indirect: See Footnote)
    8,166,667

  • Common Stock, $0.0001 par value per share

    4,885,445

  • Interest Shares

    (indirect: See Footnote)
    Exercise: $0.20From: 2017-01-31→ Common Stock, $0.0001 par value per share (3,310,000 underlying)
    3,310,000

  • Common Stock Purchase Warrant

    Exercise: $0.10From: 2016-04-19Exp: 2021-04-19→ Common Stock, $0.0001 par value per share (1,000,000 underlying)
    1,000,000
Footnotes (4)
  • [F1]Shares of common stock are held by the Theodore Stern Revocable Trust (the "Trust").
  • [F2]Represents 3,310,000 shares of common stock that may be issued upon the conversion of interest accrued at $0.20 per share under issued under that certain Unsecured Promissory Note in the principal amount as of the date hereof $2,000,000 issued to the Trust.
  • [F3]In connection with the Company's private offering, Mr. Stern acquired a 15% Convertible Note. The 15% Convertible Note is convertible into an amount equal to 150% of the principal amount due under the 15% Convertible Note divided by the conversion price of $0.20 per share.
  • [F4]The Company issued the Stern Trust an Amended and Restated Promissory Note. The Amended and Restated Promissory Note is convertible into an amount equal to 150% of the principal amount due under the Amended and Restated Promissory Note divided by the conversion price of $0.20 per share.

Documents

1 file

Issuer

Ipsidy Inc.

CIK 0001534154

→
Entity typeother

Related Parties

1
  • filerCIK 0000935991

Filing Metadata

Form type
4
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 4:18 PM ET
Size
13.1 KB
View on SEC.gov