LOCAL Corp 4
4 · LOCAL Corp · Filed Mar 16, 2015
Insider Transaction Report
Form 4
LOCAL CorpLOCM
Farra Norman K JR
Director
Transactions
- Purchase
Common Stock Warrant
2015-03-12$0.65/sh+27,107$17,647→ 27,107 totalExercise: $0.65From: 2015-03-12Exp: 2020-03-11→ Common Stock (27,107 underlying) - Purchase
Series A Senior Convertible Notes
2015-03-12+54,215→ 54,215 totalFrom: 2015-03-12Exp: 2018-04-11→ Common Stock (54,215 underlying)
Footnotes (1)
- [F1]On March 12, 2015, Norman K Farra, acquired the issuer's Series A Senior Convertible Notes (the "Series A Notes") and a Warrant to purchase 27,107 shares of the issuer's Common Stock for an aggregate purchase price of $30,000. Each share of Series A Notes is convertible at Mr. Farra's option into 54,215 shares of the issuer's Common Stock. The conversion price of the Series A Notes is currently fixed at $0.55, but is subject to certain anti-dilution adjustments as set forth in a related Securities Purchase Agreement.