SEC Form 4 · accession 0001225208-18-006891
AURA SYSTEMS INC · AUSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary M. Wells
Director
Period of report
Jan 11, 2018
Accepted (ET)
Apr 2, 2018 · 3:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000826253
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F1 | $0.20 | Jan 11, 2018 | A | 200,000 | A | Jan 11, 2018 | Jan 11, 2023 | Common Stock | 200,000 | 200,000 | D |
| 5% Convertible Promissory Note Issued 12/20/17F3,F2 | $0.07 | holding | — | — | — | — | Dec 20, 2018 | Common Stock | 0 | 0 | D |
Explanation of responses
- F1Warrants are 100% vested and exercisable upon the date of grant.
- F2The principal amount of the note on December 20, 2017 was $100,000.
- F3The outstanding principal amount and accrued interest on this Convertible Note shall automatically be converted into shares of the Issuer's Common Stock upon the the effective date of the authorized reverse stock split.