DIGITAL ANGEL CORP 4
4 · DIGITAL ANGEL CORP · Filed Jul 10, 2013
Insider Transaction Report
Form 4
EDELSTEIN BARRY M
Director
Transactions
- Award
Series B Convertible Preferred Stock
2013-07-08+19,878→ 39,756 totalFrom: 2013-07-08→ Common Stock (39,756 underlying) - Award
Warrant
2013-06-01+14,312→ 14,312 totalExercise: $1.57From: 2013-06-01Exp: 2016-06-01→ Common Stock (14,312 underlying) - Award
Warrant
2012-10-12+14,312→ 14,312 totalExercise: $1.57From: 2012-12-31Exp: 2017-12-31→ Common Stock (14,312 underlying) - Award
Option
2010-03-16+38,167→ 38,167 totalExercise: $0.05From: 2011-03-16Exp: 2020-03-16→ Common Stock (38,167 underlying)
Footnotes (6)
- [F1]The Reporting Person's Series B Convertible Preferred Stock is automatically converted into 39,756 shares of the Issuer's common stock upon the effectiveness of the proposed 30-for-1 reverse stock split of the Issuer's common stock.
- [F2]The Series B Convertible Preferred Stock was acquired pursuant to the terms of a Share Exchange Agreement, dated June 24, 2013 (the "Exchange"), between the Issuer and the shareholders of VeriTeQ Acquisition Corporation ("VeriTeQ"), wherein, the Reporting Person exchanged 208,333 shares of VeriTeQ common stock for 19,878 shares of the Issuer's Series B Convertible Preferred Stock. The Exchange closed on July 8, 2013.
- [F3]The exercise price, number of Warrants and Options acquired, and shares of common stock underlying such securities are reflected after the proposed 30-for-1 reverse stock split.
- [F4]The Warrants were received in the Exchange for warrants to purchase 75,000 shares of VeriTeQ common stock for $0.30 per share.
- [F5]The Warrants were received in the Exchange for warrants to purchase 75,000 shares of VeriTeQ common stock for $0.30 per share.
- [F6]The Options were received in the Exchange for options to purchase 200,000 shares of VeriTeQ common stock for $0.01 per share.