MILLER S JAMES 4
4 · IMAGEWARE SYSTEMS INC · Filed Aug 5, 2020
Insider Transaction Report
Form 4
MILLER S JAMES
DirectorChairman and CEO
Transactions
- Purchase
Convertible Note
2020-06-29$100000.00/shExercise: $0.16From: 2020-06-29Exp: 2020-10-13→ Common Stock (625,000 underlying)
Footnotes (2)
- [F1]The Convertible Note matures on the earlier to occur of October 13, 2020, or on such date that the Issuer consummates a debt and/or equity financing resulting in net proceeds to the Company of at least $3.0 million. Interest accrues on the outstanding principal amount of the Convertible Note beginning on April 13, 2020 at a rate equal to 5% per annum.
- [F2]Represents the number of shares of common stock issuable upon conversion of the principal amount of the convertible note at the initial conversion price of the convertible note.