DIGITAL ANGEL CORP 4
4 · DIGITAL ANGEL CORP · Filed Oct 2, 2013
Insider Transaction Report
Form 4
EDELSTEIN BARRY M
Director
Transactions
- Gift
Right to Acquire Common Stock
2013-09-30−60,833→ 0 total→ Common Stock (60,833 underlying) - Other
Right to Acquire Common Stock
2013-09-30+60,833→ 60,833 total→ Common Stock (60,833 underlying)
Footnotes (3)
- [F1]Pursuant to an agreement between Mr. Edelstein and PositiveID Corporation ("PositiveID) executed on September 30, 2013, Mr. Edelstein is entitled to receive the number of shares of Digital Angel Corporation common stock from PositiveID upon completion of the proposed 30:1 reverse stock split, which is planned for completion on or about October 18, 2013, for amounts owed by PositiveID to Mr. Edelstein for his role as a director.
- [F2]The shares will be issued upon completion of the reverse stock split, which is planned to occur on or about October 18, 2013.
- [F3]On September 30, 2013, Mr. Edelstein gifted his right to acquire the shares of Digital Angel Corporation Common Stock to a family trust of which he disclaims beneficial ownership.