Kwok Fong Wong 4
4 · BIO KEY INTERNATIONAL INC · Filed Jun 4, 2018
Insider Transaction Report
Form 4
Kwok Fong Wong
DirectorManaging Director, BIO-key HK
Transactions
- Conversion
Common Stock
[F1]2018-05-31$3.60/sh+653,000$2,350,800→ 4,383,635 total - Purchase
Common Stock
[F2]2018-05-31$3.60/sh+7,073$25,463→ 4,390,708 total - Conversion
Series A-1 Convertible Preferred
[F3]2018-05-31−23,508→ 0 totalExercise: $3.60→ Common Stock (653,000 underlying)
Footnotes (3)
- [F1]The reporting person converted 23,508 shares of Series A-1 Convertible Preferred Stock on May 31, 2018 at a conversion price of $3.60 per share, resulting in his acquisition of 653,000 shares of common stock.
- [F2]Acquired upon conversion of a dividend payable in the amount of $25,463 with respect to the shares of Series A-1 Convertible Preferred Stock owned by the reporting person.
- [F3]The Series A-1 Convertible Preferred Stock was convertible at any time at the option of the holder, subject to a blocker provision which prohibited 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/ Kwok Fong Wong|2018-06-04