4//SEC Filing
COVELY FRED 4
Accession 0001520138-17-000330
CIK 0001630176other
Filed
Oct 22, 8:00 PM ET
Accepted
Oct 23, 5:16 PM ET
Size
10.4 KB
Accession
0001520138-17-000330
Insider Transaction Report
Form 4
COVELY FRED
DirectorPresident and CEO10% Owner
Transactions
- Award
Series A Covertible Preferred Stock
2017-10-17+41,403→ 41,403 totalExercise: $0.00From: 2017-10-17→ Common Stock (6,555,322 underlying) - Purchase
Warrrants
2017-10-17+1,200,000→ 1,200,000 totalExercise: $0.25From: 2017-10-17Exp: 2020-10-17→ Common Stock (1,200,000 underlying) - Purchase
Convertible Promissory Note
2017-10-17$30000.00/shFrom: 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
Issuer
GREY CLOAK TECH INC.
CIK 0001630176
Entity typeother
Related Parties
1- filerCIK 0001660614
Filing Metadata
- Form type
- 4
- Filed
- Oct 22, 8:00 PM ET
- Accepted
- Oct 23, 5:16 PM ET
- Size
- 10.4 KB