ECOSCIENCES, INC.|4Sep 12, 3:45 PM ET

ECOSCIENCES, INC. 4

4 · ECOSCIENCES, INC. · Filed Sep 12, 2014

Form 4

Period: 2014-05-20

DirectorCEO and President10% Owner

Transactions

Disposition to Issuer
Series A Convertible Preferred Stock
2014-06-09−100,000→ 1,668,630 total(indirect: By Spouse)
From: 2014-05-12→ Common Stock (2,000,000 underlying)
Disposition to Issuer
Series A Convertible Preferred Stock
2014-05-20−100,000→ 1,768,630 total(indirect: By Spouse)
From: 2014-05-12→ Common Stock (2,000,000 underlying)

Footnotes (5)

[F1]Each share of Series A Convertible Preferred Stock is convertible by the holder thereof into twenty (20) shares of Common Stock of the Issuer; provided, however, each holder of Series A Convertible Preferred Stock may not convert any part of the Series A Convertible Preferred Stock if such conversion would cause such holder or any of its assignees to beneficially own more than 4.99% of the Common Stock of the Issuer.
[F2]On May 20, 2014, the Issuer entered into a Share Redemption Agreement with the spouse of Reporting Person pursuant to which the Company redeemed 100,000 shares of Series A Convertible Preferred Stock for $0.20 per share, for a total of $20,000.
[F3]No expiration date.
[F4]Reporting Person resigned as an officer of the Issuer on May 9, 2014 and as a member of the Board of Directors of the Issuer on June 23, 2014
[F5]On June 9, 2014, the Issuer entered into a Share Redemption Agreement with the spouse of the Reporting Person pursuant to which the Company redeemed 100,000 shares of Series A Convertible Preferred Stock for $0.20 per share, for a total of $20,000.

Documents

1 file