4//SEC Filing
Scherer Joshua S 4
Accession 0001474506-20-000200
CIK 0001558583other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 9:39 PM ET
Size
7.5 KB
Accession
0001474506-20-000200
Insider Transaction Report
Form 4
Arcimoto IncFUV
Scherer Joshua S
Director
Transactions
- Conversion
Convertible Promissory Notes
2020-06-26$4.25/sh−28,107$119,455→ 0 totalExercise: $4.25→ Common Stock (28,107 underlying) - Conversion
Common Stock
2020-06-26$4.25/sh+28,107$119,455→ 61,441 total
Footnotes (2)
- [F1]On August 14, 2019, certain 2019 Short-term Notes were exchanged for convertible promissory notes. On June 26, 2020, the convertible promissory notes were converted into 28,107 shares of the Company's common stock, which number of shares represents the principal amount ($108,102.83, representing 25,436 shares) plus accrued interest due ($11,354.06, representing 2,671 shares) on the convertible promissory notes divided by the conversion price.
- [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.
Documents
Issuer
Arcimoto Inc
CIK 0001558583
Entity typeother
Related Parties
1- filerCIK 0001751976
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 9:39 PM ET
- Size
- 7.5 KB