Johnson Barbara M 4
4 · World Surveillance Group Inc. · Filed Nov 7, 2011
Insider Transaction Report
Form 4
Johnson Barbara M
Vice President
Transactions
- Award
Common Stock $.00001 par value
2011-11-02$0.07/sh+400,000$30,000→ 1,900,000 total - Award
Common Stock Purchase Warrants
2011-11-02$0.21/sh+400,000$84,000→ 400,000 totalExercise: $0.21From: 2011-11-02→ Common Stock $.00001 par value (400,000 underlying)
Footnotes (1)
- [F1]On November 2, 2011, Ms. Johnson entered into an agreement to convert $30,000 in accrued cash salary into 400,000 shares of common stock valued at $.075 per share and received common stock purchase warrants for 400,000 shares of common stock with an exercise price of $.21 per share and term of three years. The warrants are exercisable on a cashless basis.