POWIN CORP 4
4 · POWIN CORP · Filed Aug 7, 2015
Insider Transaction Report
Form 4
POWIN CORPPWON
LU DANNY Y
Director
Transactions
- Award
Common Stock
2015-08-05$0.56/sh+1,918,104$1,074,138→ 2,521,604 total(indirect: See footnote) - Purchase
Convertible Preferred Stock
2015-08-05$0.56/sh+1,001,008$560,564→ 1,001,008 totalExercise: $0.56From: 2015-08-05→ Common Stock (1,001,008 underlying) - Purchase
Convertible Preferred Stock
2015-08-05$0.56/sh+917,096$513,574→ 917,096 total(indirect: See footnote)Exercise: $0.56From: 2015-08-05→ Common Stock (917,096 underlying)
Footnotes (3)
- [F1]The Preferred Stock and underlying Common Stock, was issued in exchange for, and in satisfaction of, outstanding debt of the Issuer held by the Reporting Person.
- [F2]The Preferred Stock was issued in exchange for, and in satisfaction of, outstanding debt of the Issuer held by Lu Pacific Properties, LLC of which the Reporting person is a member with a significant pecuniary interest.
- [F3]There is no expiration date for the exercise of conversion rights under the Convertible Preferred Stock.