Feintuch Ira 4
4 · Blink Charging Co. · Filed Apr 12, 2018
Insider Transaction Report
Form 4
Feintuch Ira
Chief Operating Officer
Transactions
- Award
Warrants to purchase Common Stock
2018-04-09+34,974→ 34,974 totalExercise: $4.25From: 2018-04-09Exp: 2023-04-09→ Common Stock (34,974 underlying)
Footnotes (2)
- [F1]34,974 warrants to purchase shares of Common Stock were issued to Mr. Feintuch as payment of (a) $43,555 owed to Mr. Feintuch which represents 25% of the accrued commissions on hardware sales and revenue from charging stations for the period of November 2015 through March 2017 owed to Mr. Feintuch pursuant to the compensation agreement between the Company and Mr. Feintuch, dated June 16, 2017 (the "Compensation Agreement") and; (b) $15,902 owed to Mr. Feintuch which represents 25% of the accrued commissions on hardware sales and revenue from charging stations for the period of April 2017 through February 13, 2018 owed to Mr. Feintuch pursuant to an oral agreement between the Company and Mr. Feintuch.
- [F2]This oral agreement was reached pursuant to Section 3(B) of the Compensation Agreement. The total amount of $59,457 owed to Mr. Feintuch was divided by $3.40, a 20% discount to the public offering price of $4.25 per unit, which is equal to 17,487 units of one share of common stock and two warrants each to purchase one share of common stock. The 17,487 shares of common stock were previously issued to Mr. Feintuch, as reported on a Form 4 filed by Mr. Feintuch on March 26, 2018.