4//SEC Filing
POSITIVEID Corp 4
Accession 0001493152-17-003197
CIK 0001347022operating
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 3:54 PM ET
Size
6.5 KB
Accession
0001493152-17-003197
Insider Transaction Report
Form 4
POSITIVEID CorpPSID
COBB JEFFREY S
Director
Transactions
- Award
Series II Convertible Preferred Stock
2017-03-29$1000.00/sh+50$50,000→ 204 totalExercise: $0.00→ Common Stock (277,777,778 underlying)
Footnotes (3)
- [F1]On March 29, 2017, PositiveID Corporation granted to Mr. Cobb 50 shares of Series II Convertible Preferred Stock ("Series II") as a component of his compensation for 2017. The Series II granted to Mr. Cobb have a stated value of $1,000 per share and are convertible into 277,777,778 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 6,944,444,444 votes.
- [F2]No expiration date.
- [F3]As of March 29, 2017, Mr. Cobb owns (i) 11,496 shares of common stock and 60,815 options to purchase shares of Common Stock; and (ii) 204 shares of Series II, which were convertible as of March 29, 2017 into 1,165,680,365 shares of Common Stock. Each share of Series II holds 25 votes per share for a total of 29,142,009,132 votes.
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, 3:54 PM ET
- Size
- 6.5 KB