MobileSmith, Inc. 4
4 · MobileSmith, Inc. · Filed Nov 13, 2013
Insider Transaction Report
Form 4
Lugassy Avy
10% Owner
Transactions
- Award
See Footnote
2013-11-11$13826282.00/sh(indirect: By Grasford Investments Ltd.)Exercise: $0.82From: 2013-11-01Exp: 2016-11-14→ Common Stock (24,274,242 underlying)
Footnotes (2)
- [F1]Convertible Secured Subordinated Notes due November 14, 2016 (the "Notes").
- [F2]The Notes are convertible into MobileSmith, Inc. (the "Issuer") common stock at the lowest "applicable conversion price" determined for each Note issued to any noteholder, which shall be the greater of: (i) $0.50 or (ii) 80% of the lowest closing price of the Issuer's common stock on the Over-The-Counter Bulletin Board, the Nasdaq Stock Market or the principal exchange on which the common stock is then listed in the twelve-month period immediately preceding the date such Note is converted (in each case, as adjusted for stock splits, dividends or combinations, recapitalizations or similar events). The conversion price in column 2 is the conversion price on the date of acquisition by Grasford Investments Ltd. and the number of underlying shares in column 7 is based on such conversion price.