WETHERELL WAYNE G 4
4 · IMAGEWARE SYSTEMS INC · Filed Sep 21, 2018
Insider Transaction Report
Form 4
WETHERELL WAYNE G
Sr. VP and CFO
Transactions
- Other
Warrant
2018-09-10+997→ 997 totalExercise: $0.01From: 2018-09-10Exp: 2028-09-10→ Common Stock (997 underlying)
Footnotes (3)
- [F1]On September 10, 2018, the Issuer's Board of Directors declared a special dividend, payable to all holders of record of shares of the Issuer's Series A Convertible Preferred Stock ("Series A Preferred") as of September 10, 2018, pursuant to which the Reporting Person received the warrants reported herein.
- [F2]The warrants may only be exercised concurrently with the conversion of shares of Series A Preferred held by the Reporting Person into shares of the Issuer's common stock.
- [F3]The warrants will expire on the earliest to occur of (i) the conversion by the Reporting Person of all shares of Series A Preferred held by the Reporting Person into shares of the Issuer's common stock, (ii) the redemption by the Issuer of all outstanding shares of Series A Preferred held by the Reporting Person, (iii) the warrants no longer representing the right to purchase any shares of the Issuer's common stock, or (iv) the tenth anniversary of the date of issuance.