ECOSPHERE TECHNOLOGIES INC 4

4 · ECOSPHERE TECHNOLOGIES INC · Filed Feb 17, 2015

Form 4

Period: 2015-02-16

Director

Transactions

Award
10% Convertible Note due 2016
2015-02-16
Exercise: $0.12From: 2015-02-16Exp: 2016-01-08→ Common Stock (166,666 underlying)
Award
Common Stock Warrants (right to buy)
2015-02-16+333,332→ 333,332 total
Exercise: $0.12From: 2015-02-16Exp: 2019-01-08→ Common Stock (333,332 underlying)
Expiration (Short)
10% Convertible Note due 2015
2015-02-16
Exercise: $0.30From: 2013-12-23Exp: 2015-12-23→ Common Stock (166,666 underlying)
Expiration (Short)
Common Stock Warrants (right to buy)
2015-02-16−333,332→ 0 total
Exercise: $0.35From: 2013-12-23Exp: 2018-12-23→ Common Stock (333,332 underlying)

Footnotes (2)

[F1]The two reported transactions involved the amendment of an outstanding convertible note to reduce the conversion price from $0.30 a share to $0.12 a share. The amendment is reported above as the cancellation of the "old" note and the acquisition of a new one. The transactions were approved in advance by the issuer's board of directors.
[F2]The two reported transactions involved the amendment of an outstanding warrant to reduce the exercise price from $0.35 a share to $0.12 a share. The amendment is reported above as the cancellation of the "old" warrant and the acquisition of a new one. The transactions were approved in advance by the issuer's board of directors.

Documents

1 file