SEC Form 4 · accession 0001354488-16-008322
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 26, 2016
Accepted (ET)
Sep 28, 2016 · 2:50 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 26, 2016 | P | 20,454 | $0.033 | A | 146,734 | 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 is exercisable to purchase 200,000 common shares on October 1, 2014, grant date, and to purchase an additional 300,000 common shares based on meeting specific sales performance criteria through September 30, 2016.
- F2Immediately.
- F3Includes the number of common sharess issuable upon conversion of all principal.