SEC Form 4 · accession 0001493152-17-003185
POSITIVEID Corp · PSID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael E Krawitz
Director
Period of report
Mar 29, 2017
Accepted (ET)
Mar 31, 2017 · 3:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001347022
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series II Convertible Preferred StockF1,F3,F2 | $0.0002 | Mar 29, 2017 | A | 50 | A | — | — | Common Stock | 277,777,778 | 219 | D |
Explanation of responses
- F1On March 29, 2017, PositiveID Corporation granted to Mr. Krawitz 50 shares of Series II Convertible Preferred Stock ("Series II") as a component of his compensation for 2017. The Series II granted to Mr. Krawitz have a stated value of $1,000 per share and are convertible into 277,777,778 shares of common stock, par value $0.0001 ("Common Stock"), at a conversion price of $0.00018 per share. The Series II will vest on January 1, 2019. Each share of Series II holds 25 votes per share for a total of 6,944,444,444 votes.
- F2No expiration date.
- F3As of March 29, 2017, Mr. Krawitz owns (i) 12,456 shares of common stock and 61,040 options to purchase shares of Common Stock; and (ii) 219 shares of Series II, which were convertible as of March 29, 2017 into 1,252,164,384 shares of Common Stock. Each share of Series II holds 25 votes per share for a total of 31,304,109,589 votes.