PCS EDVENTURES COM INC 4
4 · PCS EDVENTURES COM INC · Filed May 3, 2016
Insider Transaction Report
Form 4
HACKETT TODD RAYMOND
Director
Transactions
- Award
Rule 144 Restricted Common Stock
2016-04-29$0.04/sh+5,763,014$230,521→ 31,588,404 total - Award
Restricted Common Stock Unit
2015-09-24+81,000→ 81,000 totalExercise: $0.19From: 2016-09-30Exp: 2016-09-30→ Restricted Common Stock Unit (81,000 underlying) - Award
Warrants to purchase Common Stock
2015-01-22$0.04/sh+2,000,000$80,000→ 2,000,000 totalExercise: $0.04From: 2015-01-22Exp: 2018-01-22→ Restricted Common Stock Unit (2,000,000 underlying)
Footnotes (3)
- [F1]Convertible Promissory Note dated October 21, 2014, at the sole option of Lender, the outstanding balance of this Note and accrued interest may be converted into shares of Rule 144 Restricted Common Stock of the Borrower at a price per share of $0.04.
- [F2]As part of the Promissory Note first dated January 16, 2015, the Company has issued warrants ("Original Warrants") to acquire up to 2,000,000 shares of Company's common stock for $0.04 per share exercisable at any time within 36 months after the date of issuance of the Original Warrants.
- [F3]Grant of Restricted Stock Units. The Board of Directors of the Company also granted the Participant 81,000 Restricted Stock Units on September 24, 2015 (the "Grant Date"), in accordance with the provisions of Article 6 of the Company's Plan, at the close of market price, representing compensation for board services for the period of October 1, 2015, through September 30, 2016. Each Restricted Stock Unit represents the right to receive one share of the Company's common stock in the future, subject to the restrictions and other conditions set forth in the Restricted Stock Unit Award Agreement (the "Agreement") and in the Plan.