PayMeOn, Inc. 4
4 · PayMeOn, Inc. · Filed Jul 22, 2014
Insider Transaction Report
Form 4
PayMeOn, Inc.PAYM
Celentano Vincent L.
10% Owner
Transactions
- Conversion
Common Stock
2014-07-18+2,494,241→ 2,494,241 total(indirect: See footnote) - Other
Common Stock
2014-07-18+2,334,748→ 4,828,169 total - Conversion
7% Unsecured Convertible Promissory Note
2014-07-18(indirect: See footnote)Exercise: $0.34→ Common Stock (2,494,241 underlying)
Footnotes (3)
- [F1]Shares acquired by Celentano Consulting Company, LLC, through conversion of 7% unsecured convertible promissory notes in the aggregate principal and accrued interest amount of $860,513 on July 18, 2014, at a conversion price of $0.345 per share. Mr. Celentano is the manager of Celentano Consulting Company. The notes were initially issued on various dates between December, 2012 and December, 2013.
- [F2]Shares acquired through acquisition by Paymeon, Inc. of 100% of the membership interests of A Better Bike, LLC. Vincent L. Celentano is the sole member and manager of A Better Bike, LLC.
- [F3]Reporting Person beneficially owns 7% unsecured convertible promissory notes in the aggregate principal amount and accrued interest of $176,392 at July 22, 2014. The notes are convertible at prices ranging from $0.10 to $0.345 per share. Reporting Person also beneficially owns 7% senior, secured convertible promissory notes in the aggregate principal amount and accrued interest of $183,907 at July 22, 2014. The senior, secured convertible promissory notes are convertible at $0.345 per share.