General Moly, Inc 4
4 · General Moly, Inc · Filed Apr 29, 2015
Insider Transaction Report
Form 4
Chaput David
Chief Financial Officer
Transactions
- Conversion
10% senior convertible promissory notes
2015-04-28−60,000→ 0 totalExercise: $0.52→ Common Stock (60,000 underlying) - Conversion
Common Stock
2015-04-28$0.52/sh+60,000$30,996→ 292,026 total
Footnotes (3)
- [F1]The conversion price is equal to 80% of the greater of (i) the average volume weighted average price ("VWAP") for the 30 business day period ending on the business day prior to the date of notice of conversion, or (ii) the average VWAP for the 30 business day period ending on the original issue date of the notes; provided that in no event will the conversion price be less than $0.32. The total number of shares of common stock into which the notes are convertible shall not exceed 100 shares of common stock for each $100 principal amount converted, subject to adjustment for stock splits, dividends and combinations.
- [F2]The notes are convertible at any time at the option of the holder into common stock of the issuer.
- [F3]The notes mature on December 26, 2019.