4//SEC Filing
Westerman Howard G JR 4
Accession 0001493152-19-001310
CIK 0000891417other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 4:02 PM ET
Size
8.0 KB
Accession
0001493152-19-001310
Insider Transaction Report
Form 4
PEN INC.PENC
Westerman Howard G JR
Director
Transactions
- Award
Class A Common Stock
2019-01-31$0.40/sh+30,157$12,063→ 67,852 total(indirect: See note) - Purchase
Warrant
2019-01-31$0.03/sh+30,157$905→ 67,852 total(indirect: See note)Exercise: $1.50From: 2019-01-31→ Class A common stock (30,157 underlying)
Footnotes (2)
- [F1]Shares and derivative securities acquired were purchased by a family investing entity that purchased an interest in an investing entity that acquired the issuer's securities in a private placement. Reporting person has voting control over the securities held by the family entity but reporting person disclaims beneficial ownership of the securities held by the entity for which he does not have pecuniary interest and this filing should not be construed as an admission that the reporting person is the beneficial owner of these securities.
- [F2]Warrant will expire on the earlier of 1/31/2023 or the date that the Class A common stock has been trading at or above 120% of the exercise price for a period of 90 days.
Documents
Issuer
PEN INC.
CIK 0000891417
Entity typeother
Related Parties
1- filerCIK 0001363998
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 4:02 PM ET
- Size
- 8.0 KB