Pugliese Vincent Joseph Alfred 4
4 · C-Bond Systems, Inc · Filed Jan 20, 2021
Insider Transaction Report
Form 4
Pugliese Vincent Joseph Alfred
CEO, Int CFO, Treas., Sec.
Transactions
- Award
Series B Convertible Preferred Stock
2021-01-19$1000.00/sh+95$95,000→ 130 totalExercise: $0.08From: 2021-05-01→ Common Stock (1,186,875 underlying)
Footnotes (3)
- [F1]On January 18, 2021, the Board of Directors ("Board") of C-Bond Systems, Inc. (the "Company") awarded an annual bonus to Mr. Pugliese in the amount of $105,000, 90% of which was to be paid in the Company's equity and the remaining 10% to be paid in cash. Mr. Pugliese received 95 shares of Series B Convertible Preferred Stock, par value $0.10 ("Series B"), which has a stated value of $1,000 per share. The Series B is convertible into shares of common stock, par value $0.001 ("Common Stock"), at $0.08 per share, the low trading price of the Common Stock on the first trading day following the date of the grant, 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. Pugliese vest on May 1, 2021, subject to extension as mutually agreed upon by the Board and Mr. Pugliese.
- [F3]No expiration date.