4//SEC Filing
SILVERMAN SCOTT R 4
Accession 0001213900-20-044352
CIK 0001421636other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 4:30 PM ET
Size
6.0 KB
Accession
0001213900-20-044352
Insider Transaction Report
Form 4
SILVERMAN SCOTT R
CEO, PRESIDENT
Transactions
- Award
Series B Convertible Preferred Stock
2020-12-21$1000.00/sh+228$228,000→ 278 totalExercise: $0.03From: 2021-05-01→ Common Stock (8,427,660 underlying)
Footnotes (3)
- [F1]On December 21, 2020, pursuant to a liability reduction plan, C-Bond Systems, Inc. (the "Company") issued Mr. Silverman 228 shares of Series B Convertible Preferred Stock, par value $0.10 ("Series B"). The Series B has a stated value of $1,000 per share and is convertible into shares of common stock, par value $0.001 ("Common Stock"), at $0.027 per share, the closing price of the Common Stock on the date of issuance, subject to adjustment as described in the Company's Certificate of Designations of Preferences, Rights and Limitations of Series B Preferred Stock.
- [F2]The shares of Series B granted to Mr. Silverman will vest on May 1, 2021.
- [F3]No expiration date.
Documents
Issuer
C-Bond Systems, Inc
CIK 0001421636
Entity typeother
Related Parties
1- filerCIK 0001195639
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 4:30 PM ET
- Size
- 6.0 KB