Norris Patrick L. 4
4 · Norris Industries, Inc. · Filed Dec 23, 2019
Insider Transaction Report
Form 4
Norris Patrick L.
DirectorChairman, CEO, CFO10% Owner
Transactions
- Purchase
Common Stock
2019-09-24$0.15/sh+1,500,000$225,000→ 37,780,000 total - Award
Convertible Note
2019-09-30$2550000.00/sh+5,000,000$12,750,000,000,000→ 12,750,000 total(indirect: Held through JBB Partners, Inc.)Exercise: $0.20From: 2020-12-31Exp: 2020-12-31→ Common Stock (12,750,000 underlying)
Holdings
- 22,170,000(indirect: Held through JBB Partners, Inc.)
Common Stock
Footnotes (1)
- [F1]The convertible note provides for advances and repayment from time to time. The outstanding loan amount when due is convertible at the rate of $.20. The loan has a current maturity of December 31, 2020. Any extension of the payment terms will extend the expiration date of the convertability of the note.