Lanphere Michael A. 4
4 · TransBiotec, Inc. · Filed Sep 17, 2019
Insider Transaction Report
Form 4
Lanphere Michael A.
V.P. of Legal Affairs10% Owner
Transactions
- Purchase
Common Stock
2019-08-28$0.10/sh+5,206,430$520,643→ 50,144,878 total - Purchase
Common Stock
2019-08-28$0.00/sh+21,400,745$96,303→ 71,545,623 total
Footnotes (2)
- [F1]The Reporting Person acquired 5,206,430 shares of the Issuer's common stock in exchange for 520,643 shares of the Issuer's Series A Preferred Stock pursuant to the terms of a Share Exchange Agreement. The exchange was agreed to in order to assist the Issuer in complying with the closing conditions of an Asset Purchase Agreement with IDTEC, LLC.
- [F2]The Reporting Person acquired 21,400,745 shares of the Issuer's common stock in exchange for a $96,303.35 reduction in the amount the Issuer owes the Reporting Person under certain promissory notes. The transaction was documented with a Stock Purchase Agreement and was completed in order to assist the Issuer in complying with the closing conditions of an Asset Purchase Agreement with IDTEC, LLC.