Steel John 4
4 · Islet Sciences, Inc · Filed Jun 26, 2012
Insider Transaction Report
Form 4
Steel John
DirectorCEO and CFO
Transactions
- Conversion
Common stock
2012-02-23+7,366,668→ 7,366,668 total - Award
Common stock
2012-04-05+200,000→ 7,566,668 total - Award
Common stock
2012-04-05+866,668→ 8,433,336 total
Footnotes (3)
- [F1]Automatic conversion of shares of Series B Preferred Stock into common stock for no additional consideration upon effectiveness of a 1-for-45 reverse stock split of the registrant's common stock.
- [F2]Stock grant for compensatory purpose pursuant to Rule 16b-3(d).
- [F3]Includes stock grant of 866,668 shares of common stock for compensatory purpose pursuant to Rule 16b-3(d). Of 866,668 shares so granted, 433,334 shares are subject to forfeiture if the reporting person's employment with the registrant is terminated before October 24, 2012 and 433,334 shares are subject to forfeiture if such employment is terminated before October 24, 2013.