4//SEC Filing
SHWORAN DAVID 4
Accession 0001654954-18-009602
CIK 0001101433other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 5:54 PM ET
Size
6.8 KB
Accession
0001654954-18-009602
Insider Transaction Report
Form 4
QUOTEMEDIA INCQMCI
SHWORAN DAVID
President and CEO
Transactions
- Other
Series A Preferred Stock
2018-08-23$25.00/sh−1,200$30,000→ 105,100 total(indirect: See footnote)Exercise: $25.00→ Common Stock
Footnotes (4)
- [F1]The Series A Preferred Stock is owned by Bravenet Web Services Inc.The reporting person is a control person of Bravenet Web Services, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]Series A Redeemable Convertible Preferred Stock, par value $0.001 per share ("Series A Preferred Stock")
- [F3]Within fifteen (15) days following the Company's filing of its quarterly or annual reports (the "SEC Reports") with the U.S. Securities and Exchange Commission (the "SEC") covering each of the four (4) fiscal quarters, if the cash balance of the Company as reported in any such SEC Reports at the end of any such fiscal quarter exceeds certain targets, the Debt Holders may request that a prescribed amount of Series A Preferred Shares be repurchased at their Liquidation Value ($25.00).
- [F4]Holders of Series A Preferred Stock shall have the right to convert their shares of Series A Preferred Stock, at any time following the date of the closing price of a share of Common Stock on a securities exchange or actively traded over-the-counter market has exceeded $0.30 for ninety (90) consecutive trading days, into shares of Common Stock at the rate of 83.33 shares of Common Stock for one share of Series A Preferred Stock.
Documents
Issuer
QUOTEMEDIA INC
CIK 0001101433
Entity typeother
Related Parties
1- filerCIK 0001248255
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 5:54 PM ET
- Size
- 6.8 KB