4//SEC Filing
POSITIVEID Corp 4
Accession 0001493152-17-003188
CIK 0001347022operating
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 3:51 PM ET
Size
6.6 KB
Accession
0001493152-17-003188
Insider Transaction Report
Form 4
POSITIVEID CorpPSID
PROBST LYLE L
President
Transactions
- Award
Series II Convertible Preferred Stock
2017-03-29$1000.00/sh+250$250,000→ 706 totalExercise: $0.00→ Common Stock (1,388,888,889 underlying)
Footnotes (3)
- [F1]On March 29, 2017, PositiveID Corporation granted to Mr. Probst 250 shares of Series II Convertible Preferred Stock ("Series II") as compensation for 2016. The Series II granted to Mr. Probst have a stated value of $1,000 per share and are convertible into 1,388,888,889 shares of common stock, par value $0.0001 ("Common Stock"), at a conversion price of $0.00018 per share. The Series II will vest on January 1, 2019. Each share of Series II holds 25 votes per share for a total of 34,722,222,222 votes.
- [F2]No expiration date.
- [F3]As of March 29, 2017, Mr. Probst owns (i) 12,226 shares of common stock and 102,500 options to purchase shares of Common Stock; and (ii) 706 shares of Series II, which were convertible as of March 29, 2017 into 4,018,003,044 shares of Common Stock. Each share of Series II holds 25 votes per share for a total of 100,450,076,104 votes. The shares of Series II constitute the majority of his beneficial ownership in the Company.
Documents
Issuer
POSITIVEID Corp
CIK 0001347022
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001347022
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 3:51 PM ET
- Size
- 6.6 KB