RICE DON K 4
4 · Ascend Acquisition Corp. · Filed Jan 14, 2011
Insider Transaction Report
Form 4
RICE DON K
DirectorChairman, CEO, President10% Owner
Transactions
- Exercise/Conversion
Convertible Promissory Note
2011-01-12−100,000→ 0 totalExercise: $0.15From: 2011-01-05→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2011-01-12+7,075,000→ 7,293,550 total - Exercise/Conversion
Convertible Promissory Note
2011-01-12−600,000→ 0 totalExercise: $0.05From: 2010-08-24→ Common Stock (600,000 underlying) - Award
Convertible Promissory Note
2010-08-24+600,000→ 6,975,000 totalExercise: $0.05From: 2009-08-07→ Common Stock (600,000 underlying) - Exercise/Conversion
Convertible Promissory Note
2011-01-12−4,875,000→ 0 totalExercise: $0.04From: 2008-11-18→ Common Stock (4,875,000 underlying) - Exercise/Conversion
Convertible Promissory Note
2011-01-12−500,000→ 0 totalExercise: $0.06From: 2010-03-16→ Common Stock (500,000 underlying) - Award
Convertible Promissory Note
2011-01-05+100,000→ 7,075,000 totalExercise: $0.15From: 2011-01-05→ Common Stock (100,000 underlying) - Exercise/Conversion
Convertible Promissory Note
2011-01-12−1,000,000→ 0 totalExercise: $0.05From: 2009-08-07→ Common Stock (1,000,000 underlying)
Footnotes (3)
- [F1]These shares were issued upon the conversion of five convertible promissory notes have an aggregate outstanding principal balance of $320,000, for an average per-share conversion price of $.045.
- [F2]No expiration.
- [F3]The convertible promissory note was issued to represent already outstanding indebtedness, no additional consideration was given for the note.