Plastic2Oil, Inc. 4
4 · Plastic2Oil, Inc. · Filed Dec 8, 2014
Insider Transaction Report
Form 4
Heddle Richard W
10% Owner
Transactions
- Purchase
Warrant to purchase common stock
2014-11-19+1,000,000→ 4,000,000 total(indirect: CEO)Exercise: $0.12From: 2014-11-19Exp: 2019-11-19→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]On November 19, 2014 the Heddle Marine Service Inc., a Company owned by Mr. Richard Heddle, the Company's Chief Executive Officer and a member of the Company board of directors purchased from the Issuer a 12% secured promissory note in the principal amount of $1,000,000 and a five year warrant to purchase one million shares of Common Stock of the Issuer at an exercise price of $0.12 per share, for gross proceeds to the Issuer of $1,000,000. For further information see the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on November 19, 2014.