NOBLE ROMANS INC 4
4 · NOBLE ROMANS INC · Filed Apr 10, 2017
Insider Transaction Report
Form 4
NOBLE ROMANS INCNROM
MOBLEY PAUL W
DirectorChairman and CEO10% Owner
Transactions
- Award
Convertible, Subordinated, Unsecured Promissory Note
2016-12-16$0.50/sh+150,000$75,000→ 1,723,333 totalExercise: $0.50From: 2016-12-29Exp: 2019-12-29→ Noble Roman's Inc (450,000 underlying) - Award
Convertible, Subordinated, Unsecured Promissory Note
2016-11-08$0.50/sh+150,000$75,000→ 1,723,333 totalExercise: $0.50From: 2016-11-08Exp: 2019-11-08→ Noble Roman's Inc (450,000 underlying)
Footnotes (1)
- [F1]Interest on the notes accrues at the annual rate of 10% payable quarterly in arrears. Principal of the notes matures three years after issuance. Each holder of the notes may convert them at any time during the term of the notes into common stock of the company at a conversion rate of $.50 per share. Also with the notes are warrants which may be redeemed for common stock of the company at the exercise price of $1.00 per share. The warrants expire at the end of three years.