4//SEC Filing
MIKROS SYSTEMS CORP 4
Accession 0001437749-16-034058
CIK 0000317340operating
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 12:25 PM ET
Size
12.1 KB
Accession
0001437749-16-034058
Insider Transaction Report
Form 4
MIKROS SYSTEMS CORPMKRS.OB
MEANEY THOMAS J
DirectorPresident10% Owner
Transactions
- Sale
Convertible Preferred Stock
2016-06-16−50,000→ 0 total→ Convertible Preferred Stock (50,000 underlying) - Sale
Series B Convertible Preferred Stock
2016-06-16−649,925→ 0 total→ Series B Convertible Preferred Stock (649,925 underlying) - Sale
Series D Preferred Stock
2016-06-16−138,000→ 0 total - Purchase
Common Stock
2016-06-16+2,533,168→ 6,045,235 total - Sale
Redeemable Series C Preferred Stock
2016-06-16−5,000→ 0 total
Footnotes (3)
- [F1]The reporting person entered into an Exchange Agreement with the Issuer on June 16, 2016 (the "Exchange Agreement"). Under the Exchange Agreement, certain shares of preferred stock were exchanged for cash and shares of common stock as follows: (i) each share of Convertible Preferred Stock was exchanged for $0.165 in cash and 1.95 shares of common stock; (ii) each share of Series B Convertible Preferred Stock was exchanged for $0.0825 in cash and 2.43 shares of common stock; (iii) each share of Redeemable Series C Preferred Stock was exchanged for $2.708 in cash and 31.27 shares of common stock; and (iv) each share of Series D Preferred Stock was exchanged for $0.36232 in cash and 5.072464 shares of common stock.
- [F2]Each share of Convertible Preferred Stock was convertible at any time into one share of common stock, and had no expiration date.
- [F3]Each share of Series B Convertible Preferred Stock was convertible at any time into three shares of common stock, and had no expiration date.
Documents
Issuer
MIKROS SYSTEMS CORP
CIK 0000317340
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000317340
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 12:25 PM ET
- Size
- 12.1 KB