COVELY FRED 4

4 · GREY CLOAK TECH INC. · Filed Oct 23, 2017

Form 4

Period: 2017-10-17

DirectorPresident and CEO10% Owner

Transactions

Award
Series A Covertible Preferred Stock
2017-10-17+41,403→ 41,403 total
Exercise: $0.00From: 2017-10-17→ Common Stock (6,555,322 underlying)
Purchase
Warrrants
2017-10-17+1,200,000→ 1,200,000 total
Exercise: $0.25From: 2017-10-17Exp: 2020-10-17→ Common Stock (1,200,000 underlying)
Purchase
Convertible Promissory Note
2017-10-17$30000.00/sh
From: 2017-10-17Exp: 2018-10-17→ Common Stock (4,285,715 underlying)

Footnotes (3)

[F1]Each share of the Series A Convertible Preferred Stock is convertible into the number of shares equal to 0.00006% of the Company's outstanding common stock immediately after conversion. As of October 20, 2017, the reporting person's Series A Convertible Preferred Stock was convertible into 6,555,322 shares of common stock.
[F2]The Note has a $30,000 principal amount, bears interest at a rate of five percent per annum, and is convertible into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing trading price for the Company's common stock during the three trading day period ending on the last trading day prior to the conversion date. As of October 20, 2017, that three day average was $0.014 per share, and the conversion price (50%) was $0.007 per share, for a total of 4,285,715 shares of common stock.
[F3]Security does not expire.

Documents

1 file