Attitude Drinks Inc. 4

4 · Attitude Drinks Inc. · Filed Aug 31, 2015

Form 4

Period: 2015-08-28

Director

Transactions

Award
Class A Common Stock Purchase
2015-08-28+0→ 0 total
Exercise: $0.00Exp: 2022-08-28→ Common Stock
Award
Series C Convertible Preferred Stock
2015-08-28+58→ 0 total
Exercise: $0.00→ Common Stock
Award
Additional Investment Rights
2015-08-28+0→ 0 total
Exp: 2017-08-28→ Common Stock

Footnotes (7)

[F1]Conversion price is determined by dividing the Stated Value (1 share of Series C Convertible Preferred Stock has a stated value of $1,000) and accrued but unpaid dividends by an amount equal to a 50% discount to the lowest closing price for the previous thirty (30) trading days, but in event no more than $0.0002 per share of Common Stock.
[F2]Shares were issued in exchange for past due short term loans and accrued interest.
[F3]Immediately exercisable due to holding of previous loans (tacking effect) for more than six months, subject to insider trading rules.
[F4]Amount cannot be determined at this time as shares are based on future common stock trading prices as there is no fixed conversion price, only a maximum price of $0.0002.
[F5]Number of warrants shall be equal to the number of shares of Common Stock received from the conversions of Series C Convertible Preferred Stock.
[F6]Right to voluntarily purchase up to the Stated Value of Series C Convertible Preferred Stock ($58,000) and corresponding amount of warrants.
[F7]There is no expiration date.

Documents

1 file