Saunders E. Philip 4
4 · CurAegis Technologies, Inc. · Filed Jan 9, 2020
Insider Transaction Report
Form 4
Saunders E. Philip
Director
Transactions
- Purchase
Common Stock
2020-01-07$100000.00/sh+30,000$3,000,000,000→ 30,000 total - Award
Convertible Promissory Note
2020-01-07$100000.00/shExercise: $0.15From: 2020-01-07Exp: 2025-01-07→ Common Stock (666,667 underlying)
Footnotes (2)
- [F1]The securities were acquired under an installment purchase agreement, pursuant to which 6,000 shares of common stock were issued to the reporting person on January 7, 2020, with the issuance of the remaining shares of common stock to occur upon payment by the reporting person of four subsequent installments on each of February 1, 2020, March 1, 2020, April 1, 2020 and May 1, 2020.
- [F2]The reporting person agreed to pay the aggregate principal amount of the Convertible Promissory Note in installments, pursuant to which $20,000 was paid by the reporting person, with the corresponding 133,333 shares of common stock available upon conversion, on January 7, 2020, with the remaining payments and corresponding common stock available upon conversion to be made in four subsequent installments on each of February 1, 2020, March 1, 2020, April 1, 2020 and May 1, 2020.