INFINITE GROUP INC 4
4 · INFINITE GROUP INC · Filed Sep 28, 2016
Insider Transaction Report
Form 4
Hoyen Andrew T.
EVP - Chief Admin Officer
Transactions
- Purchase
Common Stock
2016-09-26$0.03/sh+20,454$675→ 146,734 total
Holdings
- 250,000
Option
Exercise: $0.02Exp: 2026-06-01→ Common Stock (250,000 underlying) - 500,000
Option
Exercise: $0.04Exp: 2019-09-30→ Common Stock (500,000 underlying) - 250,000
Convertible Note
Exercise: $0.10Exp: 2018-03-31→ Common Stock (250,000 underlying)
Footnotes (3)
- [F1]The option is exercisable to purchase 200,000 common shares on October 1, 2014, grant date, and to purchase an additional 300,000 common shares based on meeting specific sales performance criteria through September 30, 2016.
- [F2]Immediately.
- [F3]Includes the number of common sharess issuable upon conversion of all principal.