ABRAMS MICHAEL S 4
4 · BOND LABORATORIES, INC. · Filed Mar 30, 2011
Insider Transaction Report
Form 4
BOND LABORATORIES, INC.BNLB.OB
ABRAMS MICHAEL S
Chief Financial Officer
Transactions
- Other
Common Stock
2010-12-31+625,000→ 625,000 total - Other
Warrants
2010-12-31$0.35/sh−375,000$131,250→ 0 totalExercise: $0.35From: 2009-08-20Exp: 2014-08-20→ Common Stock (375,000 underlying) - Other
Warrants
2010-12-31$0.50/sh−375,000$187,500→ 0 totalExercise: $0.50From: 2009-08-20Exp: 2014-08-20→ Common Stock (375,000 underlying)
Footnotes (3)
- [F1]Shares were issued in consideration for the exchange of warrants to purchase 750,000 shares of the Company's Common Stock held by Mr. Abrams, as well as in consideration for services provided to the Company by Mr. Abrams in his capacity as the Company's Interim Chief Financial Officer.
- [F2]The number of shares of Common Stock issued is based on a one-for-one exchange of Common Stock for the warrants exercisable at $0.35 per share, and one share of Common Stock for each one and one half warrants exercisable at $0.50 per share.
- [F3]Warrants disposed of in exchange for 625,000 shares of Common Stock. The consideration for the exchange was, in addition to the issuance of the 625,000 shares of Common Stock, the provision of services provided by to the Company by Mr. Abrams in his capacity as the Company's Interim Chief Financial Officer.