4//SEC Filing
SILVERMAN SCOTT R 4
Accession 0001213900-21-003257
CIK 0001421636other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 5:18 PM ET
Size
6.3 KB
Accession
0001213900-21-003257
Insider Transaction Report
Form 4
SILVERMAN SCOTT R
CEO, PRESIDENT
Transactions
- Award
Series B Convertible Preferred Stock
2021-01-19$1000.00/sh+180$180,000→ 458 totalExercise: $0.08From: 2021-05-01→ Common Stock (2,250,000 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. Silverman in the amount of $200,000, 90% of which was to be paid in the Company's equity and the remaining 10% to be paid in cash. Mr. Silverman received 180 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. Silverman vest on May 1, 2021, subject to extension as mutually agreed upon by the Board and Mr. Silverman.
- [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
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 5:18 PM ET
- Size
- 6.3 KB