Frohnmayer Mark 4
4 · Arcimoto Inc · Filed Jun 30, 2020
Insider Transaction Report
Form 4
Arcimoto IncFUV
Frohnmayer Mark
DirectorPresident & CEO10% Owner
Transactions
- Conversion
Common Stock
2020-06-26$4.25/sh+78,531$333,757→ 7,212,192 total - Conversion
Convertible Promissory Notes
2020-06-26$4.25/sh−78,531$333,757→ 0 totalExercise: $4.25→ Common Stock (78,531 underlying)
Footnotes (2)
- [F1]On August 14, 22 and September 18, 2019, the Issuer issued certain convertible promissory notes in the aggregate principal amount of $303,055.73. On June 26, 2020, the convertible promissory notes were converted into 78,531 shares of the Company's common stock, which number of shares represents the aggregate principal amount plus aggregate accrued interest ($30,699.72) due on the convertible promissory notes divided by the conversion price.
- [F2]An aggregate principal amount of $303,055.73 of convertible promissory notes was due and payable between August 14, 2020 and September 18, 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.