Battinelli Salvatore F 4
4 · SIGMA LABS, INC. · Filed Feb 26, 2020
Insider Transaction Report
Form 4
SIGMA LABS, INC.SGLB
Battinelli Salvatore F
Director
Transactions
- Award
Warrants to Purchase Common Stock
2020-01-28+24,272→ 24,272 totalExercise: $1.13From: 2020-07-29Exp: 2025-07-28→ Common Stock (24,272 underlying) - Award
Series E Preferred Stock
2020-01-28$1500.00/sh+16.67$25,005→ 16.67 totalExercise: $1.03From: 2020-01-28→ Common Stock (31,756 underlying)
Footnotes (2)
- [F1]Pursuant to a Securities Purchase Agreement between the Company and the Reporting Person, the Reporting Person purchased 16.67 shares of the Company's Series E Preferred Stock (the "Preferred Shares") and warrants to purchase 24,272 shares of the Company's Common Stock for an aggregate purchase price of $25,000 or $1,500 per Preferred Share (the "Stated Value"). Dividends accrue on a monthly basis of 9% per annum and shall increase the Stated Value. The holder shall have the right to convert the Preferred Shares into common shares at a conversion rate determined by dividing the Conversion Amount by $1.03. The Conversion Amount is the sum of the Stated Value (including as a result of accrued dividends) plus the amount of any dividend that, but for the conversion, would have accrued at the dividend rate for the three year period commencing January 28, 2020. The Preferred Shares have no expiration date.
- [F2]Represents the maximum amount of common shares issuable upon conversion as described in footnote 1.