Friedman Michael 4
4 · iMedia Brands, Inc. · Filed Apr 21, 2020
Insider Transaction Report
Form 4
Friedman Michael
Director
Transactions
- Purchase
Warrants (right to buy)
2020-04-17+61,199→ 61,199 totalExercise: $2.66From: 2020-12-13Exp: 2025-04-14→ Common Stock (61,199 underlying) - Purchase
Warrants (right to buy)
2020-04-17+122,399→ 122,399 totalExercise: $2.66From: 2021-01-11Exp: 2025-04-14→ Common Stock (122,399 underlying) - Purchase
Common Stock
2020-04-17$2.06/sh+651,444$1,344,059→ 911,045 total - Purchase
Warrants (right to buy)
2020-04-17+61,199→ 61,199 totalExercise: $2.66From: 2020-11-23Exp: 2025-04-14→ Common Stock (61,199 underlying) - Purchase
Warrants (right to buy)
2020-04-17+122,399→ 122,399 totalExercise: $2.66From: 2020-10-17Exp: 2025-04-14→ Common Stock (122,399 underlying) - Purchase
Warrants (right to buy)
2020-04-17+75,578→ 75,578 totalExercise: $0.00From: 2020-07-11Exp: 2025-04-14→ Common Stock (75,578 underlying)
Footnotes (2)
- [F1]Consists of: (ii) 242,341 shares of Common Stock purchased in the first tranche pursuant to the Common Stock and Warrant Purchase Agreement, dated April 14, 2020, by and between the Issuer and the Purchasers listed therein (the "Purchase Agreement"), which closed on April 17, 2020; (ii) 121,170 shares of Common Stock to be purchased in the second tranche pursuant to the Purchase Agreement, which is set to close on May 23, 2020; (iii) 121,170 shares of Common Stock to be purchased in the third tranche pursuant to the Purchase Agreement, which is set to close on June 13, 2020; and (iv) 166,763 shares of Common Stock to be purchased in the fourth tranche pursuant to the Purchase Agreement, which is set to close on July 11, 2020 (which assumes that the 19.999% blocker limitation set forth in the Purchase Agreement will be implicated and that 75,578 blocker warrants will be issued in lieu of shares of Common Stock which will be immediately exercisable with an exercise price of $0.001).
- [F2]After taking into account the 1-for-10 reverse stock split effective December 11, 2019.