SEC Form 4 · accession 0001354488-16-008299
INFINITE GROUP INC · IMCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew T. Hoyen
Officer — Chief Operating Officer
Period of report
Sep 19, 2016
Accepted (ET)
Sep 21, 2016 · 3:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884650
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 19, 2016 | P | 80 | $0.026 | A | 125,080 | D | |
| Common Stock | Sep 20, 2016 | P | 1,200 | $0.026 | A | 126,280 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1 | $0.04 | holding | — | — | — | — | Sep 30, 2019 | Common Stock | 500,000 | 500,000 | D |
| OptionF2 | $0.02 | holding | — | — | — | — | Jun 1, 2026 | Common Stock | 250,000 | 250,000 | D |
| Convertible NoteF3 | $0.10 | holding | — | — | — | — | Mar 31, 2018 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1The option s exercisable to purchase 200,000 common shares beginning on October 1, 2014, grant date, and to purchase an additional 300,000 common shares based on meeting specific sales performance criteria.
- F2Immediately.
- F3Includes the number of common shares issuable upon conversion of all principal.