CONCIERGE TECHNOLOGIES INC 4
4 · CONCIERGE TECHNOLOGIES INC · Filed Nov 29, 2016
Insider Transaction Report
Form 4
Gerber Nicholas Daniel
DirectorCEO and Chairman of the Board10% Owner
Transactions
- Purchase
Convertible promissory note (right to buy)
2016-11-25$0.13/sh+2,124,983$276,248→ 10,072,416 total(indirect: Wainwright Holdings, Inc.)Exercise: $0.13From: 2016-11-25Exp: 2016-05-21→ Common Stock (2,124,983 underlying)
Footnotes (2)
- [F1]On May 25, 2016 the Company entered into a convertible promissory note with Wainwright Holdings, Inc., an entity that is affiliated with the Registrant, in the principal amount of $250,000. The note bears interest at four percent (4%) per annum and increases to eight percent (8%) in the event of default by the Company. The note may be prepaid at any time in whole or in part by the Company and is convertible into common stock of the Company at the election of Wainwright Holdings, Inc. on November 25, 2016, at a conversion price of $0.13 per share. The conversion price is subject to adjustment for mergers, consolidations, share exchanges, recapitalizations or similar events and matures on May 25, 2021.
- [F2]The Registrant indirectly owns the cumulative amount of the derivative securities through Registrant's trust and as an affiliate of Wainwright Holdings, Inc.