Campoli Douglas M 4
4 · Arcimoto Inc · Filed Jun 30, 2020
Insider Transaction Report
Form 4
Arcimoto IncFUV
Campoli Douglas M
Chief Financial Officer
Transactions
- Conversion
Convertible Promissory Notes
2020-06-26$4.25/sh−6,426$27,311→ 0 totalExercise: $4.25→ Common Stock (6,426 underlying)
Footnotes (2)
- [F1]On August 14, 2019, certain 2019 Short-term Notes were exchanged for convertible promissory notes. On June 26, 2020, the principal amount ($27,310.19) of the convertible promissory notes and accrued interest ($2,459.46) due thereon was paid to the reporting person as repayment in full by the Issuer of the convertible promissory notes.
- [F2]The principal amount of the convertible promissory notes was 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 accrued at an annual rate of 10%, compounded monthly.