Campoli Douglas M 4
4 · Arcimoto Inc · Filed Aug 16, 2019
Insider Transaction Report
Form 4
Arcimoto IncFUV
Campoli Douglas M
Chief Financial Officer
Transactions
- Other
Common Stock
2019-07-12+0→ 0 total - Other
2019 Short-term Notes
2019-07-12$4.25/sh+5,882$24,999→ 5,882 totalExercise: $4.25From: 2019-09-12→ Common Stock (5,882 underlying) - Other
2019 Short-term Notes
2019-08-14$4.25/sh−6,426$27,311→ 0 totalExercise: $4.25→ Common Stock (6,426 underlying) - Other
Convertible Promissory Notes
2019-08-14$4.25/sh+6,426$27,311→ 6,426 totalExercise: $4.25→ Common Stock (6,426 underlying)
Footnotes (3)
- [F1]N/A - On July 16, 2019, the reporting person mistakenly filed a Form 4 that reported what was a derivative transaction as a non-derivative acquisition of 5,882 shares of common stock. The derivative transaction should have been reported in Table II rather than Table I. This Form 4 is intended, in part, to correct that reporting error
- [F2]The principal amount of the 2019 Short-term Notes, together with interest accrued thereon was payable, at the option of the holder, in (a) cash, (b) Issuer's common stock (valued at a price of $4.25 per share) or (c) in the event Issuer issued convertible promissory notes to third parties before the original maturity date (two months after the issuance), in a convertible promissory note on the same terms as purchased by such third parties.
- [F3]On August 14, 2019, the principal ($25,000, representing 5,882 shares) and accrued interest ($2,310.19, representing 544 shares) on the 2019 Short-term Notes were exchanged for $27,310.19 (representing 6,426 shares) in principal amount of convertible promissory notes. The principal amount of the convertible promissory notes is due and payable on August 14, 2020 in (a) cash or (b) Issuer's common stock at a price of $4.25 per share, at the election of the holder of the convertible promissory notes. Interest on the convertible promissory notes accrues at an annual rate of 10%, compounded monthly.