InsPro Technologies Corp 4
4 · InsPro Technologies Corp · Filed Oct 23, 2015
Insider Transaction Report
Form 4
InsPro Technologies CorpITCC.OB
Walters Edmond
Director
Transactions
- Purchase
Warrants to Purchase Common Stock
2015-09-18+1,666,660→ 1,666,660 totalExercise: $0.15From: 2015-09-18Exp: 2017-11-20→ Common (1,666,660 underlying) - Purchase
Series B Convertible Preferred Stock
2015-09-18+166,666→ 3,333,320 totalFrom: 2015-09-18→ Common (3,333,320 underlying)
Footnotes (1)
- [F1]In a private placement conducted by the Issuer on September 18, 2015, Mr. Edmond Walters purchased 166,666 Units, at $3.00 per Unit, with each Unit consisting of one share of Series B Convertible Preferred Stock (convertible into 20 shares of the Issuer's Common Stock, subject to certain adjustments), and a Warrant to purchase 10 shares of the Issuer's Common Stock. There is no expiration date for the conversion of the Series B Convertible Preferred Stock, and no exercise price to be paid in connection therewith. The expiration date to exercise such Warrants is November 20, 2017, and the exercise price to be paid in connection with each share of such Issuer's Common Stock is $0.15.