Kwok Fong Wong 4
4 · BIO KEY INTERNATIONAL INC · Filed Oct 18, 2017
Insider Transaction Report
Form 4
Kwok Fong Wong
DirectorManaging Director, BIO-key HK
Transactions
- Conversion
Common Stock
[F1]2017-10-17$3.60/sh+761,222$2,740,399→ 2,553,030 total - Conversion
Series A-1 Convertible Preferred
[F1][F2]2017-10-17$3.60/sh−27,404$98,654→ 62,596 totalExercise: $3.60→ Common Stock (761,222 underlying)
Footnotes (2)
- [F1]The reporting person converted 27,404 shares of Series A-1 Convertible Preferred Stock on October 17, 2017 at a conversion price of $3.60 per share, resulting in his acquisition of 761,222 shares of common stock.
- [F2]The Series A-1 Convertible Preferred Stock is convertible at any time at the option of the holder, subject to a blocker provision which prohibits conversion if such conversion would result in the holder beneficially owning in excess of 9.99% of the issuer's common stock. By providing 61 days written notice to the issuer, the holder may increase such percentage. The reporting person provided such notice on August 7, 2017 and increased the maximum percentage to 35%.
Signature
/s/ Wong Kwok Fong|2017-10-18