DIGITAL ANGEL CORP 4
4 · DIGITAL ANGEL CORP · Filed Jul 10, 2013
Insider Transaction Report
Form 4
PENNI DANIEL E
Director
Transactions
- Award
Series B Convertible Preferred Stock
2013-07-08+9,542→ 9,542 totalFrom: 2013-07-08→ Common Stock (19,084 underlying)
Footnotes (2)
- [F1]The Reporting Person's Series B Convertible Preferred Stock is automatically convertible into 19,084 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 100,000 shares if VeriTeQ common stock for 9,542 shares of the Issuer's Series B Convertible Preferred Stock. The Exchange closed on July 8, 2013.