Pershing Gold Corp. 4
4 · Pershing Gold Corp. · Filed Aug 12, 2013
Insider Transaction Report
Form 4
Alfers Stephen D.
DirectorCEO and President
Transactions
- Purchase
Warrants
2013-08-08+120,000→ 120,000 totalExercise: $0.40From: 2013-08-08Exp: 2016-08-08→ Common Stock (120,000 underlying) - Purchase
Series E Convertible Preferred Stock
2013-08-08+100→ 100 totalExercise: $0.33From: 2013-08-08→ Common Stock (300,000 underlying)
Holdings
- 17,000,000
Common Stock
Footnotes (6)
- [F1]The holdings row in Table I is not a new grant of securities of the issuer. The holdings row in Table I updates previously reported information to note that the total number of shares of restricted common stock held by the reporting person is 17,000,000.
- [F2]The reporting person received 12,000,000 shares of restricted common stock on February 9, 2012. Such shares vest in three tranches as follows: Tranche 1 - 3,000,000 shares vest February 9, 2014; Tranche 2 - 6,000,000 shares vest March 14, 2014 and Tranche 3 - 3,000,000 shares vest February 9, 2015.
- [F3]The reporting person received 5,000,000 shares of restricted common stock on June 18, 2012. Such shares vest in three tranches as follows: Tranche 1 - 1,666,666 shares vest March 14, 2014; Tranche 2 - 1,666,666 shares vest June 18, 2014 and Tranche 3 - 1,666,667 shares vest June 18, 2015.
- [F4]There is no expiration date pursuant to which the Series E Convertible Preferred Stock must be converted.
- [F5]Each share of Series E Preferred Stock is convertible into shares of the Company's Common Stock at a conversion rate of 3,000 shares of Common Stock for each share of Series E Preferred.
- [F6]The price of the Series E Convertible Preferred Stock was $990/per share and the reporting person also received a Warrant to acquire a number of shares of Common Stock equal to 40% of the number of shares of Common Stock issuable upon conversion of the Series E Preferred Stock.