Kwok Fong Wong 4
4 · BIO KEY INTERNATIONAL INC · Filed Apr 5, 2018
Insider Transaction Report
Form 4
Kwok Fong Wong
Director
Transactions
- Purchase
Common Stock
2018-04-03$3.60/sh+91,820$330,552→ 3,730,635 total - Conversion
Series A-1 Convertible Preferred
2018-04-03$3.60/sh−39,088$140,717→ 23,508 totalExercise: $3.60→ Common Stock (1,085,778 underlying) - Conversion
Common Stock
2018-04-03$3.60/sh+1,085,778$3,908,801→ 3,638,815 total
Footnotes (3)
- [F1]The reporting person converted 39,088 shares of Series A-1 Convertible Preferred Stock on April 3, 2018 at a conversion price of $3.60 per share, resulting in his acquisition of 1,085,778 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%.
- [F3]The Series A-1 Convertible Preferred Stock has no expiration date.