STRATEGIC INTERNET INVESTMENTS INC 4
4 · STRATEGIC INTERNET INVESTMENTS INC · Filed Feb 22, 2016
Insider Transaction Report
Form 4
SALIH ABBAS ABDELSALAM
Director
Transactions
- Award
Convertible debenture
2013-08-10$0.05/sh+4,526,436$226,322→ 4,526,436 total(indirect: Star Leisure & Entertainment Inc.)Exercise: $0.05From: 2013-08-10Exp: 2013-08-10→ Common shares (4,526,436 underlying) - Award
Common Shares
2013-02-09$0.07/sh+2,357,427$165,020→ 2,357,427 total - Expiration (Short)
Options
2012-10-15$0.10/sh+1,250,000$125,000→ 0 totalExercise: $0.10From: 2012-10-15Exp: 2013-01-15→ Common shares (1,250,000 underlying) - Award
Warrants
2013-08-10$0.05/sh+4,526,436$226,322→ 4,526,436 total(indirect: Star Leisure & Entertainment Inc.)Exercise: $0.05From: 2013-08-10Exp: 2013-08-10→ Common shares (4,526,436 underlying) - Award
Options
2013-01-16$0.12/sh+1,200,000$144,000→ 1,200,000 totalExercise: $1250000.00From: 2013-01-16Exp: 2018-01-16→ Common shares (1,200,000 underlying)
Footnotes (6)
- [F1]Debt settlement agreement converting debt totalling $165,019.93 at a deemed price of $0.07 per share for total shares of 2,357,427.
- [F2]Stock options cancelled
- [F3]Stock options granted at a deemed price of $0.12 per share. Expiring Jan 16, 2018
- [F4]Loan payable to a company controlled by a director of the Company, plus accrued interest of $284,875 (2014 - $246,414), pursuant to a Convertible Loan Agreement. The loan is unsecured, bearing interest at 10% per annum and is repayable on demand. The lender may at anytime convert the principal sum into units of the Company. Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units. Conversion of this loan and resulting associated warrants to equity will be based on the conversion price set at the time the principal amount was drawn ranging from $0.05 to $0.12.
- [F5]Star Leisure & Entertainment Inc. is controlled by Abbas Abdelsalam Salih
- [F6]Each unit will consist of one common share plus one common share purchase warrant. Each warrant is exercisable for a period of 2 years from the date of conversion at a price ranging from $0.05 to $0.12. The principal sum of $255,209 may be converted into 4,526,436 units.