4//SEC Filing
PCS EDVENTURES COM INC 4
Accession 0001214659-15-008449
$PCSVCIK 0001122020operating
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 2:57 PM ET
Size
13.8 KB
Accession
0001214659-15-008449
Insider Transaction Report
Form 4
HACKETT TODD RAYMOND
Director
Transactions
- Award
Restricted Stock Unit
2014-09-01$0.15/sh+150,000$22,500→ 25,825,390 total - Award
Convertible Promissory Note
0014-10-21$0.04/sh+5,000,000$200,000→ 5,000,000 totalExercise: $0.04From: 2014-10-21→ Restricted Common Stock Unit (5,000,000 underlying) - Award
Warrants to purchase Common Stock
0015-01-22$0.04/sh+2,000,000$80,000→ 7,000,000 totalExercise: $0.04From: 0015-01-22Exp: 0018-01-22→ Restricted Common Stock Unit (2,000,000 underlying) - Award
Restricted Common Stock Unit
0015-09-24+81,000→ 81,000 totalExercise: $0.19From: 0016-09-30Exp: 0016-09-30→ Restricted Common Stock Unit (81,000 underlying)
Footnotes (7)
- [F1]Grant of Restricted Stock Units. The Board of Directors of the Company granted the reporting person (the "Participant") 150,000 restricted stock units (the "Restricted Stock Units") on September 1, 2014 (the "Grant Date"), in accordance with the provisions of Article 6 of the Company's 2009 Equity Compensation Plan (the "Plan"), representing compensation for board services for the period of September 1, 2014, through September 30, 2015. On September 30, 2015, the Plan's Vesting and Settlement conditions of:: (i) the Participant has been re-elected as a director at the annual meeting of the Company's shareholders in September 2015; and (ii) the Participant has continued to serve as a Company director through September 30, 2015, were satisfied.
- [F2]The Restricted Stock Units are revalued at date of vesting and were issued on November 16, 2015.
- [F3]Convertible Promissory Note dated October 21, 2014, at the sole option of Lender, the outstanding balance of this Note may be converted into shares of Rule 144 Restricted Common Stock of the Borrower at a price per share of $0.04.
- [F4]As part of the Promissory Note first dated January 16, 2015, the Company has issued warrants ("Original Warrants") to acquire up to 2,000,000 shares of Company's common stock for $0.04 per share exercisable at any time within 36 months after the date of issuance of the Original Warrants.
- [F5]Grant of Restricted Stock Units. The Board of Directors of the Company also granted the Participant 81,000 Restricted Stock Units on September 24, 2015 (the "Grant Date"), in accordance with the provisions of Article 6 of the Company's Plan, at the close of market price, representing compensation for board services for the period of October 1, 2015, through September 30, 2016. Each Restricted Stock Unit represents the right to receive one share of the Company's common stock in the future, subject to the restrictions and other conditions set forth in the Restricted Stock Unit Award Agreement (the "Agreement") and in the Plan.
- [F6]The Restricted Stock Units do not vest and are forfeitable until the "Vesting and Settlement" conditions of the Agreement have been satisfied. The Restricted Stock Units are revalued at date of vesting and are issued when administratively practicable.
- [F7]Date of note pay off.
Documents
Issuer
PCS EDVENTURES COM INC
CIK 0001122020
Entity typeoperating
IncorporatedID
Related Parties
1- filerCIK 0001122020
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 2:57 PM ET
- Size
- 13.8 KB