4//SEC Filing
BioSolar Inc 4
Accession 0001445866-15-000480
$NEWHCIK 0001371128operating
Filed
Apr 23, 8:00 PM ET
Accepted
Apr 24, 11:14 AM ET
Size
14.8 KB
Accession
0001445866-15-000480
Insider Transaction Report
Form 4
BioSolar IncBSRC
LEE DAVID DONGHIE
DirectorCEO, Acting CFO
Transactions
- Award
Convertible Note
2014-12-18+663,367→ 663,367 totalFrom: 2014-12-18Exp: 2016-12-18→ Common Stock (663,367 underlying) - Other
Common Stock
2015-04-20+1,093,846→ 3,122,497 total - Award
Options to purchase Common Stock
2015-03-24+2,000,000→ 2,000,000 totalExercise: $0.09Exp: 2022-03-24→ Common Stock (2,000,000 underlying) - Other
Common Stock
2014-03-05+378,650→ 2,028,651 total - Award
Convertible Note
2013-06-05+137,500→ 137,500 totalFrom: 2013-06-05Exp: 2015-06-05→ Common Stock (137,500 underlying)
Footnotes (5)
- [F1]Issued to Reporting person upon the conversion of $30,000 of a convertible promissory note granted to the Reporting Person by the Issuer for unpaid salary.
- [F2]Issued to Reporting person upon the conversion of $65,000 of a convertible promissory note granted to the Reporting Person by the Issuer for unpaid salary.
- [F3]Issued directly to the Reporting Person by the Issuer as compensation for services provided. Such options shall vest in 25 equal monthly installments beginning on April 24, 2015.
- [F4]Issued directly to Reporting Person by the Issuer in satisfaction of unpaid salary. The balance of the Promissory Note is convertible into shares of the Issuer's common stock at a conversion price equal to the lesser of (i) $0.101 per share, or (ii) the closing prices of the Issuer's common stock on the last complete trading day immediately preceding the date of conversion. The original balance of the Promissory Note was $67,000. The number of shares represents the number of shares that may be issuable assuming a conversion price of $0.101. The actual number of shares may vary depending on the actual conversion price at the date of conversion
- [F5]Issued directly to Reporting Person by the Issuer in satisfaction of unpaid salary. The balance of the Promissory Note is convertible into shares of the Issuer's common stock at a conversion price equal to the lesser of (i) $0.24 per share, or (ii) the closing prices of the Issuer's common stock on the last complete trading day immediately preceding the date of conversion. The original balance of the Promissory Note was $128,000, however, only $33,000 of such balance remains. The number of shares represents the number of shares that may be issuable assuming a conversion price of $0.24. The actual number of shares may vary depending on the actual conversion price at the date of conversion
Documents
Issuer
BioSolar Inc
CIK 0001371128
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001371128
Filing Metadata
- Form type
- 4
- Filed
- Apr 23, 8:00 PM ET
- Accepted
- Apr 24, 11:14 AM ET
- Size
- 14.8 KB