DIGITAL POWER CORP 4
4 · DIGITAL POWER CORP · Filed Jun 6, 2017
Insider Transaction Report
Form 4
Ault Kristine L
Director
Transactions
- Other
Series B Convertible Preferred Stock
2017-06-02$10.00/sh+25,000$250,000→ 100,000 total(indirect: .)Exercise: $0.70→ Common Stock (1,428,571 underlying)
Holdings
- 2,725,860(indirect: By LLC)
Common Stock
- 2,850
Common Stock
Footnotes (2)
- [F1]These shares are owned by Philou Ventures, LLC, of which the Reporting Person is the Manager.
- [F2]The shares of Series B Convertible Preferred Stock (the "Shares") are convertible upon the earlier to occur of (i) 60 months from March 24, 2017, or (ii) upon the filing by the Issuer of one or more periodic reports that, singly or collectively, evidence(s) that the Issuer's gross revenues have reached no less than $10,000,000 in the aggregate, on a consolidated reporting basis, over four consecutive quarters in accordance with U.S. GAAP. There is no expiration date applicable to the conversion of the Shares.