SPHERIX INC 4
4 · SPHERIX INC · Filed Aug 12, 2013
Insider Transaction Report
Form 4
SPHERIX INCSPEX
Kesner Harvey J
Director
Transactions
- Exercise of In-Money
Warrant
2013-08-07−9,391→ 0 total(indirect: See Explanatory Note)Exercise: $6.53From: 2012-11-15Exp: 2017-11-07→ Common Stock (9,391 underlying) - Exercise of In-Money
Common Stock
2013-08-07+6,711→ 27,115 total(indirect: See Explanatory Note)
Footnotes (2)
- [F1]The shares of Common Stock were received as a result of the exercise of a warrant to purchase 9,391 shares of Common Stock on a "cashless" basis. The warrant had an exercise price of $6.53 and the "cashless" exercise was calculated using the volume weighted average price of the Common Stock on August 6, 2013 of $22.88.
- [F2]Includes (i) 16,102 shares of common stock and (ii) 10,000 shares of restricted common stock held by Paradox Capital Partners LLC ("Paradox"). Includes options to purchase 1,013 shares of common stock exercisable within 60 days held by Mr. Kesner. Mr. Kesner is the sole manager and member of Paradox and in such capacity has voting and dispositive power over shares held by Paradox.