DIGITAL ANGEL CORP 4/A
4/A · DIGITAL ANGEL CORP · Filed Jul 15, 2013
Insider Transaction Report
Form 4/AAmended
PENNI DANIEL E
Director
Transactions
- Award
Series C Convertible Preferred Stock
2013-07-12+954.2→ 954.2 totalFrom: 2013-07-12→ Common Stock (19,084 underlying)
Footnotes (2)
- [F1]The Reporting Person's Series C 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 C 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 of VeriTeQ common stock for 9,542 shares of the Issuer's Series B Convertible Preferred Stock. On July 10, 2013, the Company realized that it incorrectly issued the Series B Preferred Stock and as result, on July 12, 2013, it exchanged the Series B Preferred Stock for 954.20 shares of our newly created Series C Convertible Preferred Stock.